Bitcoin Flashes Unprecedented 17-Year On-Chain Anomaly
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5 Articles
Are cryptocurrencies entering an upward trend? Here's what on-chain data from Glassnode says about Bitcoin's rebound. We find out.
A signal detected by analyst Willy Woo in Bitcoin's HODL Waves does not resemble any pattern observed for 17 years. The absence of purchase peaks suggests a slow accumulation, possibly concentrated in a whale or a small group, although factors such as ETFs, institutional custody and derivatives may also explain behavior.
🚨 An unusual HODL Wave signal has emerged in Bitcoin. 📉 Willy Woo says that the buying in the bottom region may have come from a limited number of actors rather than a large group, and this pattern is noteworthy in $BTC. 🏦 ETFs, institutional custody solutions, and derivatives transactions are among the possible reasons that differentiate the data. 📅 $2.51 billion in options positions expiring on Friday are increasing market fragility. Read …
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u.todayBitcoin Flashes Unprecedented 17-Year On-Chain Anomaly
The unprecedented on-chain anomaly indicates that the cryptocurrency’s latest bottom may have been accumulated gradually by a single whale or a small group of large buyers.
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