Also, the low NVT Signal suggested a possible market bottom, indicating that this was the right time to accumulate Bitcoin. In fact, whales have already started accumulating, a sign that they were expecting the coin’s price to surge in coming days.added about 11,629 coins to their existing supply since the crash on 17 August.
Not only the aforementioned updates, but several other metrics also supported the possibility of a price uptick. For instance, BTC’s exchange reserve decreased. BTC’s aSORP was green as well.This meant that more investors were selling at a loss. However, in the middle of a bear market, it can indicate a market bottom.inary CDD was green, suggesting that long-term holders’ movements in the last seven days were lower than average.
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