{"id":446019,"date":"2020-10-10T04:27:34","date_gmt":"2020-10-10T04:27:34","guid":{"rendered":"https:\/\/wncen.com\/?p=446019"},"modified":"2024-06-11T09:44:07","modified_gmt":"2024-06-11T09:44:07","slug":"3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/","title":{"rendered":"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing"},"content":{"rendered":"<p>Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago, now trades for $11,400. Less than a few hours ago, the coin was trading just shy of $11,500.<\/p>\n<p>BTC&#8217;s ongoing move higher has convinced many analysts that a larger bull trend is brewing under the surface. Coin Metrics, a top blockchain analytics and data firm, made this much clear just recently.<\/p>\n<p>The firm released an extensive Twitter thread noting that while there were fundamental factors that drove lower this past month, Bitcoin is strong from an on-chain perspective. They shared a handful of metrics indicating that BTC is in a very similar spot now as the coin was prior to 2017&#8217;s exponential explosion.<\/p>\n<h6 style=\"text-align: center\">Related Reading<a href=\"https:\/\/wncen.com\/2020\/09\/18\/ethereum-transaction-fees-surge-to-all-time-highs-after-uniswap-launch\/\">: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch<\/a><\/h6>\n<h2><strong>Bitcoin Bull Trend Is Brewing: CoinMetrics Analysis<\/strong><\/h2>\n<p>Coin Metrics, a top blockchain analytics firm, recently shared a swath of metrics indicating that Bitcoin remains in a long-term bull trend despite any uncertainty in the near term:<\/p>\n<ul>\n<li>Bitcoin MVRV, which attempts to track the profitability of the average BTC investor, is &#8220;also holding the same trajectory it did during the 2016\/17 bull market.&#8221;<\/li>\n<li>The supply of BTC on exchanges is starting to decrease at a strong pace. This suggests that there are more BTC holders, which should drive prices higher over time as on-exchange demand dries up.<\/li>\n<li>&#8221; Despite the recent volatility, the number of Bitcoin whales continues to increase, indicating the growing number of large holders that have positive expectations for the future of Bitcoin.&#8221;<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/9 Bitcoin has performed remarkably these past few weeks despite: <br \/>-Most of DeFi falling 50-80% <br \/>-CFTC charging BitMEX <br \/>-POTUS contracting Covid <br \/>-Delayed stimulus talks <br \/>-FCA announcing a derivative ban for retail<\/p>\n<p>Why? Let\u2019s see what we can find on-chain<\/p>\n<p>&mdash; CoinMetrics.io (@coinmetrics) <a href=\"https:\/\/twitter.com\/coinmetrics\/status\/17494784?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 9, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h6 style=\"text-align: center\">Related Reading:\u00a0<a href=\"https:\/\/wncen.com\/2020\/09\/17\/microstrategys-stock-continues-to-soar-after-bitcoin-purchase\/\">MicroStrategy\u2019s Stock Continues to Soar After BTC Purchase<\/a><\/h6>\n<h2><strong>There&#8217;s a Lot of Room to Grow<\/strong><\/h2>\n<p>Analysis indicates that the leading cryptocurrency has a lot of room to grow from here.<\/p>\n<p>A crypto-asset chartist recently shared this chart below, which suggests that each of BTC&#8217;s macro rally highs has all formed at a Fibonacci extension ending in &#8220;0.272.&#8221; The analysis suggests that the next cryptocurrency&#8217;s high will be <a href=\"https:\/\/wncen.com\/analysis\/btc\/crypto-calculated-how-ancient-math-predicts-bitcoins-next-top-at-270k\/\">approximately $270,000, around 2,500% above current prices.<\/a><\/p>\n<p>This optimistic analysis lines up with the sentiment shared by many other in the space. Investors like Dan Tapiero and Raoul Pal, of Gold Bullion Int. and Real VIsion, respectively, both think that the cryptocurrency will undergo an exponential rally during this market cycle.<\/p>\n<p><img data-recalc-dims=\"1\" height=\"442\" width=\"860\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Ej57qNCWoAAGHCh.png?resize=860%2C442\" alt=\"bitcoin btcusd fibonacci\" loading=\"lazy\"><\/p>\n<pre>Brave New <a class=\"wpg-linkify wpg-tooltip tooltipstered\" href=\"https:\/\/wncen.com\/dictionary\/coin\/\">Coin<\/a> Bitcoin Liquid Index Fibonacci Extension Predicts Next Peak | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-BTC.D\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<h6 style=\"text-align: center\">Related Reading:\u00a0<a href=\"https:\/\/wncen.com\/2020\/09\/17\/microstrategys-stock-continues-to-soar-after-bitcoin-purchase\/\">MicroStrategy\u2019s Stock Continues to Soar After BTC Purchase<\/a><\/h6>\n<pre>Featured Image from Shutterstock\r\nPrice tags: xbtusd, btcusd, btcusdt\r\nCharts from <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">TradingView.com<\/a>\r\n3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago, now trades for $11,400. Less than a few hours ago, the coin was trading just shy of $11,500. BTC&#8217;s ongoing move higher has convinced many analysts that a larger bull trend is brewing under the surface. Coin Metrics, a top blockchain analytics and data firm, made this much clear just recently. The firm released an extensive Twitter thread noting that while there were fundamental factors that drove lower this past month, Bitcoin is strong from an on-chain perspective. They shared a handful of metrics indicating that BTC is in a very similar spot now as the coin was prior to 2017&#8217;s exponential explosion. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch Bitcoin Bull Trend Is Brewing: CoinMetrics Analysis Coin Metrics, a top blockchain analytics firm, recently shared a swath of metrics indicating that Bitcoin remains in a long-term bull trend despite any uncertainty in the near term: Bitcoin MVRV, which attempts to track the profitability of the average BTC investor, is &#8220;also holding the same trajectory it did during the 2016\/17 bull market.&#8221; The supply of BTC on exchanges is starting to decrease at a strong pace. This suggests that there are more BTC holders, which should drive prices higher over time as on-exchange demand dries up. &#8221; Despite the recent volatility, the number of Bitcoin whales continues to increase, indicating the growing number of large holders that have positive expectations for the future of Bitcoin.&#8221; 1\/9 Bitcoin has performed remarkably these past few weeks despite: -Most of DeFi falling 50-80% -CFTC charging BitMEX -POTUS contracting Covid -Delayed stimulus talks -FCA announcing a derivative ban for retail Why? Let\u2019s see what we can find on-chain &mdash; CoinMetrics.io (@coinmetrics) October 9, 2020 Related Reading:\u00a0MicroStrategy\u2019s Stock Continues to Soar After BTC Purchase There&#8217;s a Lot of Room to Grow Analysis indicates that the leading cryptocurrency has a lot of room to grow from here. A crypto-asset chartist recently shared this chart below, which suggests that each of BTC&#8217;s macro rally highs has all formed at a Fibonacci extension ending in &#8220;0.272.&#8221; The analysis suggests that the next cryptocurrency&#8217;s high will be approximately $270,000, around 2,500% above current prices. This optimistic analysis lines up with the sentiment shared by many other in the space. Investors like Dan Tapiero and Raoul Pal, of Gold Bullion Int. and Real VIsion, respectively, both think that the cryptocurrency will undergo an exponential rally during this market cycle. Brave New Coin Bitcoin Liquid Index Fibonacci Extension Predicts Next Peak | Source: TradingView Related Reading:\u00a0MicroStrategy\u2019s Stock Continues to Soar After BTC Purchase Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing<\/p>\n","protected":false},"author":497,"featured_media":431364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[679,1144,78790,35897,76835],"class_list":["post-446019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-coinmetrics","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing<\/title>\n<meta name=\"description\" content=\"Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-10T04:27:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:44:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298\" \/>\n\t<meta property=\"og:image:width\" content=\"1999\" \/>\n\t<meta property=\"og:image:height\" content=\"1298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing\",\"datePublished\":\"2020-10-10T04:27:34+00:00\",\"dateModified\":\"2024-06-11T09:44:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/\"},\"wordCount\":408,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298\",\"keywords\":[\"bitcoin price\",\"btcusd\",\"BTCUSDT\",\"coinmetrics\",\"xbtusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/\",\"url\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/\",\"name\":\"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298\",\"datePublished\":\"2020-10-10T04:27:34+00:00\",\"dateModified\":\"2024-06-11T09:44:07+00:00\",\"description\":\"Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago,\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298\",\"width\":1999,\"height\":1298,\"caption\":\"sunset on the beach Takamaka, Mahe island, Seychelles\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\",\"name\":\"Nick Chong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"caption\":\"Nick Chong\"},\"description\":\"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.\",\"url\":\"https:\/\/wncen.com\/author\/nickchong\/\"}]}<\/script>\n","yoast_head_json":{"title":"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing","description":"Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/","og_locale":"en_US","og_type":"article","og_title":"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing","og_description":"Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago,","og_url":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-10-10T04:27:34+00:00","article_modified_time":"2024-06-11T09:44:07+00:00","og_image":[{"width":1999,"height":1298,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298","type":"image\/jpeg"}],"author":"Nick Chong","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Nick Chong","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/"},"author":{"name":"Nick Chong","@id":"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a"},"headline":"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing","datePublished":"2020-10-10T04:27:34+00:00","dateModified":"2024-06-11T09:44:07+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/"},"wordCount":408,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298","keywords":["bitcoin price","btcusd","BTCUSDT","coinmetrics","xbtusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/","url":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/","name":"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298","datePublished":"2020-10-10T04:27:34+00:00","dateModified":"2024-06-11T09:44:07+00:00","description":"Bitcoin has surged higher over the past 48 hours due to positive fundamental trends. The cryptocurrency, which traded as low as $10,400 just a week ago,","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298","width":1999,"height":1298,"caption":"sunset on the beach Takamaka, Mahe island, Seychelles"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a","name":"Nick Chong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","caption":"Nick Chong"},"description":"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.","url":"https:\/\/wncen.com\/author\/nickchong\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing","url":"http:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Nick Chong"}],"creator":["Nick Chong"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin price","btcusd","btcusdt","coinmetrics","xbtusd"],"dateCreated":"2020-10-10T04:27:34Z","datePublished":"2020-10-10T04:27:34Z","dateModified":"2024-06-11T09:44:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/3-bitcoin-on-chain-trends-show-a-macro-bull-market-is-brewing\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/Depositphotos_44958507_l-2015.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Nick Chong\"}],\"creator\":[\"Nick Chong\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin price\",\"btcusd\",\"btcusdt\",\"coinmetrics\",\"xbtusd\"],\"dateCreated\":\"2020-10-10T04:27:34Z\",\"datePublished\":\"2020-10-10T04:27:34Z\",\"dateModified\":\"2024-06-11T09:44:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/Depositphotos_44958507_l-2015.jpg?fit=1999%2C1298","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/446019"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/497"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=446019"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/446019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/431364"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=446019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=446019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=446019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}