Arkam Intelligence data shows major investors retained their Bitcoin holdings during Monday's sell-off. Bitcoin UTXO loss ratio is similar to the 2020 bull cycle. On-chain data suggests that permanent holder addresses are accumulating BTC despite the recent turmoil. Cryptoquant data shows that futures trading volume hit an all-time high, spot trading volume hit the second-highest ever this week. Bitcoin trades above $60,000 on Friday after a 7.
This indicates accumulation and suggests investor confidence in BTC has led them to purchase recent dips. With this metric reaching new records, it points to a calculated strategy by holders, who see the current price dip as a brief pause in Bitcoin's long-term rise.
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Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »