Dossier
onchain data
Coverage of onchain data in the Nexus archive.
- Bitcoin price drops below $76K as onchain data sends mixed signals
Bitcoin's price fell below $76,000 as it failed to break the $80,000 resistance level, despite rising spot CVD potentially supporting a recovery. Onchain fundamentals remain weak, contributing to the downturn.
- Bitcoin reset may be complete as onchain data points to cycle low
The article suggests that Bitcoin's reset may be complete, with on-chain data indicating it has reached a cycle low, signaling a potential turning point in its market cycle.