HomeUncategorizedBTC metrics exit capitulation — 5 things to know in Bitcoin this week By Cointelegraph

BTC metrics exit capitulation — 5 things to know in Bitcoin this week By Cointelegraph

January 23, 2023

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© Reuters.

(BTC) starts the last week of January in fine form after sealing its highest weekly close in five months.

Despite opposition, the largest cryptocurrency is holding on to its newfound strength and continues to surprise market participants.

1-day candle chart (Bitstamp) with 200EMA. Source: TradingView
BTC/USD order book data (Binance). Source: Material Indicators/ Twitter
S&P 500 annotated chart. Source: Credible Crypto/ Twitter
(DXY) 1-day candle chart with 200MA. Source: TradingView
Bitcoin net unrealized profit/loss (NUPL) chart. Source: Glassnode
Bitcoin MVRV-Z score chart. Source: Glassnode
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
Bitcoin 30-day miner net position change chart. Source: Glassnode
Bitcoin hash rate raw data chart (screenshot). Source: MiningPoolStats