Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101187
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

Market Cap
24h Vol
13285
Cryptocurrencies
63.83%
Bitcoin Share
ZyCrypto 2025-04-16 13:13:54

Crypto Analyst Says Bitcoin Is Undervalued Despite On-Chain Data, Is An Uptick Ahead?

Crypto Analyst Says Bitcoin Is Undervalued Despite On-Chain Data, Is An Uptick Ahead?

A digital asset analyst has pointed to bullish Bitcoin (BTC) on-chain metrics amid recent market uncertainty. Huge institutional inflows coupled with a drop in exchange reserves show that Bitcoin’s price holds greater value when compared to previous cycles. The asset’s profit supply and projected growth also point upwards, with bulls hinting at new targets. Exchange Outflows Fuel Bull Momentum After the crypto market recovery, Bitcoin bulls have stretched exchange withdrawals pushing up trader confidence. A digital asset expert Boris Vest noted that exchange reserves have plummeted to 2018 levels showing positions of long-term holdings. At the moment, about 2.43 million BTC are held on exchanges with older assets of seven days being moved to other custodians. In the 2021 bull cycle, BTC exchange reserves stood at 3.4 million assets. The wide reduction in present figures points to an undervalued asset in light of recent headwinds. According to Vest, the decrease in supply correlates with a potential price jump. Crypto whales have also accumulated huge amounts of assets and transferred the same out of exchanges. Furthermore, the stablecoin supply ratio at 14.3 shows the growing capital available to purchase more assets. In the event of a price drop, the SSR still points upwards and hasn’t tapped the 2021 bull cycle levels, suggesting the top crypto is still undervalued. “ The funding rate had significantly increased alongside a momentum-driven price rise. This indicated that long positions on Bitcoin had become overly inflated and that buying pressure was too high—presenting a good selling opportunity for market makers. Following the ATH, funding rates saw a pullback and are now quite low, around 0.01–0.00. If this rate turns negative, it would signal an increase in short positions and potential upward price pressure.” Is An Uptick Ahead? At press time, Bitcoin trades at $83,783, sliding 0.5% today although weekly gains are over 9%. Several factors have led to traders raising the odds for an uphill drive this quarter. A rebound in institutional demand tops trader’s list backed up by previous projections. Digital asset analytics firm CryptoQuant wrote that Bitcoin’s supply in profit above 70% places the price range in a stable position. However, the next target for long-term holders is the 80% range already marking heightened bullish momentum. This week’s inflows to spot Bitcoin ETFs and other products favors sentiments for an uphill push.

Most Read News

Moralis Money
Market Cap
24h Vol
63.83%
Bitcoin Share
795
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.