Bitcoin Witnesses Extremely Rare Bullish Signal, But There's a Catch
Main Idea
Bitcoin has shown a rare bullish signal with increased accumulation by both retail and large holders, but mid-sized wallets exhibit inconsistent behavior.
Key Points
1. On-chain data shows significant accumulation of Bitcoin by wallets holding 0-1 BTC and those holding over 10,000 BTC in the last 15 days.
2. Mid-sized wallets (1-100 BTC) displayed mixed behavior, with some adjusting exposure and others remaining unchanged.
3. The 'Trend Accumulation Score' metric highlights this divergence in buying patterns among different wallet sizes.
4. Bitcoin's price dropped from around $117,000 to $110,000 at the end of July, but dip-buying activity has been observed.
5. The data suggests initial dip-buying behavior smoothed over a 15-day window, indicating potential market stabilization.
Description
Everyone buys Bitcoin, but on-chain data identifies major time lag
Latest News
- Major SHIB DAO Updates Revealed by Shiba Inu Developer2025-08-07 13:58:50
- Cardano (ADA) Price Prediction for August 72025-08-07 13:53:31
- DOGE Price Prediction for August 72025-08-07 13:50:11
- Binance Users Add 59,000,006 XRP as Price Doubles2025-08-07 13:38:54
- Shytoshi Kusama Faces Backlash Over 'SHIB President' Proposal: Details2025-08-07 13:33:03