3 years ago
A bitcoin accumulation uptrend could result in a BTC price ‘double pump' similar to that seen in 2013
According to Glassnode data, the recent drop in Bitcoin's (BTC) price from around $65,000 to as low as $30,000 did not compel long-term holders to sell. Just as BTC/USD bids were plummeting, the on-chain analytics platform reported a rise in Bitcoin reserves stored in wallets with lower unspent output.
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