However, the metric experienced a steady rise at the end of the bearish cycles, a sign of accumulation among market participants.
As a result, #BTC has always experienced a surge and initiated the next Bullrun after the accumulation. Currently, the metric has droppedππ½
As a result, #BTC has always experienced a surge and initiated the next Bullrun after the accumulation. Currently, the metric has droppedππ½
To 0 after BTC experienced a 75% decline in its price and now is rising slowly. Considering this steady rise as the accumulation sign, a bullish surge is expected soon, followed by a new bullish cycle towards new all-time highs.
You can read the analysis through the link below @cryptoquant_com :
cryptoquant.com
You can support my work by liking the post in the CryptoQuant quicktake section.
cryptoquant.com
You can support my work by liking the post in the CryptoQuant quicktake section.
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