HomeUncategorizedBitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem By Cointelegraph

Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem By Cointelegraph

February 1, 2023

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© Reuters

(BTC) had a rough year all throughout 2022.

But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover.

Futures liquidation long versus short ratio. Source: Glassnode
Total liquidations. Source: Glassnode
Long versus short ratio. Source: Coinglass
Bitcoin annualized premium. Source: Glassnode
Bitcoin exchange balance. Source: Glassnode
Bitcoin net position change on exchanges. Source: Glassnode
Bitcoin average withdrawal price. Source: Glassnode
Exchange average withdrawal price. Source: Glassnode