Bitcoin News
By Dan Saada
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The 365-Day Signal and What It Really Means. The 365-day moving average is not an indicator traders take lightly.
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The Record at $126,080 and the Subsequent Drop. To understand where we are, we need to put things in perspective.
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Bitcoin broke through $87,000 on Monday. Clear, straightforward, and unambiguous. According to data from CryptoQuant, the cryptocurrency has surpassed its 365-day moving average…
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The peak reached: $87,330. And it's no small feat. The last time Bitcoin crossed this 365-day moving average was in March 2023 — just before a rally that took many by surprise.
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The 365-day moving average is not an indicator traders take lightly. Historically, every time Bitcoin has crossed it upwards, it has marked the start of a significant expansion…
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Less selling pressure. More potential demand. Mathematically, it helps.
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And the macro context, for once, is playing along. The dollar is weakening. U.S. debt surpassed $40 trillion in August — a first in history.
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To understand where we are, we need to put things in perspective. Bitcoin had reached $126,080 last October. An all-time high.
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Also Read: Bitcoin Surges Past $85,000, Boosting Hyperliquid and Zcash
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The $40 trillion U.S. debt is a hard number to hear. And it's exactly the kind of figure that pushes people — real investors, not just speculators — to seek alternatives.
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Read also: Bitcoin Surges Back Above $80K as Fed Rate Hike Fuels Market Volatility
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The Fed's rate hikes haven't deterred buyers. On the contrary. Each rate hike announcement reinforces the idea that the central bank is fighting something deeper than just a…
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This cycle differs from previous ones in one aspect that CryptoQuant highlights: wider participation from small investors. The "retail" is coming back.
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It remains to be seen if institutional demand follows at the same pace. Not clear yet.
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What is clear: Bitcoin at $87,330, above its 365-day moving average, with long-term holders holding onto their coins and U.S.
The Currency Analytics
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