Five Indicators to Track for Bull Run
The post Five Indicators to Track for Bull Run appeared on BitcoinEthereumNews.com.
Bitcoin (BTC), the largest cryptocurrency, just hit its long-anticipated $100,000 milestone. Here are five metrics you need to know to navigate through the opportunities bull market unlocks for crypto traders and investors. Five Bitcoin (BTC) metrics for 2025 bull run: Highlights As Bitcoin (BTC) and the entire cryptocurrency market are gearing up toward new highs, let’s dive into five metrics that indicate the current status of the crypto market: Bitcoin (BTC) price and market capitalization. Since BTC remains the largest crypto by market cap, its performance is a critical catalyst for every large-cap cryptocurrency, market sentiment and global macro processes. Bitcoin Open Interest (OI) on contract exchanges. The USD-denominated volume of open positions in various types of contracts on crypto prices demonstrates market optimism and potential volatility dynamics. Bitcoin ETFs flow, i.e., a net USD-denominated change of aggregated balances of major exchange-traded funds (ETFs) on spot Bitcoin in the U.S. Bitcoin (BTC) hashrate, a total number of hashes calculated by all mining computers competing for the right to add the next block to the Bitcoin (BTC) blockchain. Bitcoin (BTC) difficulty, a metric of how difficult it is to mine the next Bitcoin (BTC) block to maintain consistent block production. This is the basic set of Bitcoin (BTC) network and cryptocurrency metrics you should understand to benefit from the ongoing bullish rally. What is Bitcoin (BTC)? Bitcoin (BTC) is the first-ever blockchain and its eponymous cryptocurrency. Bitcoin (BTC) itself is a pioneering realization of the concept of blockchain, i.e., a decentralized database. Bitcoin (BTC) was designed by Satoshi Nakamoto, an anonymous developer, in 2008. In 2009, Bitcoin (BTC) transactions went live. From the onset of its operations, Bitcoin (BTC) leverages the proof-of-work (PoW) consensus. It means that new coins are created thanks to mining, i.e., distributed computations on millions of computers.…
Filed under: News - @ January 1, 2025 3:27 pm