The United States election result stirred up several economic sectors across the globe, and crypto was not left out. The entire crypto market witnessed price upticks, including the king of cryptos,revealing a major development related to BTC ETFs. As per the tweet, a record of over 17k BTC was bought in the recent past. To be precise, a total of 406k BTC netflows have been registered till the 7th of November.
We then checked other datasets to find out whether buying pressure was high in the overall market. Our analysis of Glassnode’s data revealed that BTC’s accumulation trend score jumped from 0.04 to 0.8 within a month.
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