Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101332
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Moralis Money
Market Cap
24h Vol
13285
Cryptocurrencies
63.81%
Bitcoin Share
Crypto Potato 2025-05-02 07:30:34

Bitcoin Up 25% Since April: Expert Sees Bullish Signals in Miner Data

Bitcoin Up 25% Since April: Expert Sees Bullish Signals in Miner Data

Bitcoin (BTC) has rebounded sharply in the last three weeks, climbing at least 25% from its April 9 low of just under $74,000 to trade above $96,500 as of early May. The bounce has come against a backdrop of waning volatility, a drying supply of BTC on exchanges, and increasing on-chain accumulation. Miner Metrics Signal a Bottom Beyond the price action, Bitcoin maximalist Robert Breedlove sees a deeper story unfolding, one rooted in miner economics, long-term behavior, and global liquidity trends. According to him, BTC may be on the cusp of a major bull run, with key indicators flashing green. In a post on X, the podcast creator spotlighted a critical metric, the average miner cost of production, which he said has historically served as a reliable indicator of market bottoms. He noted that the average miner break-even cost has often coincided with major cycle bottoms since 2016. The premise isn’t far-fetched since assets rarely trade below their production cost in a rational market. This factor has often pushed out unprofitable miners, reducing supply and eventually pushing prices higher. Citing data from Blockware, Breedlove stated that currently, the average market break-even line is signaling another floor, potentially setting the stage for a fresh bull run. Another optimistic signal comes from Bitcoin’s long-term holders. These are investors who refuse to sell despite volatility. The analyst noted that over the past 30 days, such holders have accumulated an additional 150,000 BTC, creating the perfect condition for a supply shock and eventual price pump. On-chain data shows whales purchased roughly $4 billion worth of Bitcoin in the last two weeks of April, a trend paralleled by renewed inflows into spot BTC ETFs, which saw sustained accumulation from April 17 to April 30. Meanwhile, the amount of the flagship cryptocurrency on exchanges has fallen to a five-year low. “Bitcoin is running out of sellers in the $80K to $100K range,” Breedlove said, reinforcing the growing scarcity thesis. Liquidity Can Spur BTC Boom Further supporting his sunny outlook is a macroeconomic backdrop that’s becoming quite favorable for BTC. The market watcher drew attention to the cryptocurrency’s high correlation with the U.S. dollar and global fiat liquidity, a point often harped on by former BitMEX CEO Arthur Hayes. With central banks easing controls and rising global liquidity, the “What is Money” host expects more capital to flow into risk assets, including crypto. According to Breedlove, the rise of ETFs, institutional custody solutions, and BTC-backed financial products has only amplified this effect, making it easier for new money to flow into crypto. “Bitcoin is highly correlated to fiat liquidity – and that’s becoming increasingly more of the case as ETFs, Bitcoin Treasury Companies, and Convertible Bonds, provide easier access for new liquidity to enter the Bitcoin market.” The post Bitcoin Up 25% Since April: Expert Sees Bullish Signals in Miner Data appeared first on CryptoPotato .

Most Read News

https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
63.81%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.