CandleFocus

Analytics Company Evaluates New Developing Signal in Its Special Metric, Predicts Bitcoin Price’s Course in the Coming Days

Crypto analytics firm Alphractal has analyzed the Bitcoin market using its 90-day Active Supply metric. This metric measures the total amount of BTC traded in the past 90 days and provides insights into market demand and sentiment. Historically, higher values of this metric indicate increased interest and high demand. However, Alphractal suggests that it has also become a sentiment indicator, with rising values coinciding with changes in market sentiment. Currently, the 90-day Active Supply is trending down, suggesting a decrease in interest from new investors. If this trend continues, Bitcoin's price could enter a consolidation phase or experience further declines.

Related News