Analyst: Bitcoin financing rate surpasses 30-day EMA, indicating no clear signs of late-cycle overheating
In a market report on December 17, Avocado Onchain, a writer for CryptoQuant, said: "Using the 30-day Exponential Moving Average (EMA) to analyze financing rates, there are no obvious signs of overheating in the late cycle." Analysts stated that Bitcoin's upward trend may continue. They added: "This suggests that Bitcoin's upward trajectory could continue and there is huge room for further growth."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: 86,800 SOL transferred to a certain exchange, worth approximately $11.95 million
In the past 7 days, only 5 public blockchains had fee revenues exceeding $1 million.
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