{"id":34621,"date":"2024-07-22T06:44:04","date_gmt":"2024-07-22T06:44:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-identifies-strong-bitcoin-indicators\/"},"modified":"2024-07-22T06:44:04","modified_gmt":"2024-07-22T06:44:04","slug":"ark-invest-identifies-strong-bitcoin-indicators","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-identifies-strong-bitcoin-indicators\/","title":{"rendered":"ARK Invest Identifies Strong Bitcoin Indicators"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Analysts at ARK Invest highlight that several on-chain indicators currently point to a healthy Bitcoin (BTC<\/a>) market.<\/p>\n

In a recent report, ARK notes that BTC remains oversold following the German government\u2019s recent liquidation<\/a> of coins confiscated from an illegal movie streaming site.<\/p>\n

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Source: ARK Invest\/David Puell<\/em><\/figcaption><\/figure>\n

David Puell, an analyst at ARK, states that Bitcoin\u2019s sell-side risk ratio for short-term holders (STHs) is now in a \u201cdeep value\u201d zone after a multi-month correction. The sell-side risk ratio indicator helps predict if STHs are likely to sell their coins and potentially cause a market correction.<\/p>\n

Puell explains, \u201cAnother metric in apparent deep value was the sell-side risk ratio of short-term holders, printing values as oversold as in late 2023.\u201d<\/em><\/p>\n

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Source: ARK Invest\/David Puell<\/em><\/figcaption><\/figure>\n

Additionally, Puell mentions the miner outflow multiple indicator, which tracks periods when BTC outflows from miner addresses are high compared to the historical average. This indicator is currently at a level that has previously been associated with positive market movements.<\/p>\n

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\u201cThe miner outflow multiple, used to gauge miner capitulation in the Bitcoin ecosystem, traded at 80% its yearly average, usually correlated to positive market reversals,\u201d<\/em> Puell adds.<\/p>\n

ARK\u2019s report also suggests that upcoming economic data might compel the Federal Reserve to lower interest rates, potentially boosting Bitcoin despite the Fed\u2019s current hawkish stance.<\/p>\n

At the time of writing, Bitcoin is moving hands at $67,709 according to CoinMarketCap<\/a> data.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Analysts at ARK Invest highlight that several on-chain indicators currently point to a healthy Bitcoin (BTC) market. In a recent report, ARK notes that BTC remains oversold following the German government\u2019s recent liquidation of coins confiscated from an illegal movie streaming site. Source: ARK Invest\/David Puell […]<\/p>\n","protected":false},"author":5,"featured_media":34622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34621"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34621"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34622"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}