๐ธ Bitcoin: this BULLISH signal is highly anticipated!
On-chain analysis is particularly interesting for understanding the behavior of crypto investors.
๐ Thanks to on-chain analysis, we can obtain the evolution of the number of addresses holding between 100,000 and 1,000,000 BTC.
This is the chart of the day that Iโm sharing with you!
Why is it interesting? ๐
๐ฐ As you can see, a bullish signal appears when the orange indicator starts to progress like in 2015, 2018, and 2022. A peak on this metric indicates an accumulation of these large wallets, and often, it corresponds to the bottom of BTCโฆ
For now, I donโt have a bullish signal on this indicator, but we need to be attentive to a potential rise in the orange curve in the coming weeks!
$BTC
On-chain analysis is particularly interesting for understanding the behavior of crypto investors.
๐ Thanks to on-chain analysis, we can obtain the evolution of the number of addresses holding between 100,000 and 1,000,000 BTC.
This is the chart of the day that Iโm sharing with you!
Why is it interesting? ๐
๐ฐ As you can see, a bullish signal appears when the orange indicator starts to progress like in 2015, 2018, and 2022. A peak on this metric indicates an accumulation of these large wallets, and often, it corresponds to the bottom of BTCโฆ
For now, I donโt have a bullish signal on this indicator, but we need to be attentive to a potential rise in the orange curve in the coming weeks!
$BTC