BTC whales are collectively adding more than 1,000 BTC back to their wallets. A few metrics remain bullish, while the rest suggested otherwise.
BTC’s miners revenue remained high, as did its hashrateprice has remained comparatively stable. Glassnode and Santiment’s data revealed that investors have been highly confident in BTC, which was evident from their accumulation trend.
In the coming week, should we expect BTC’s price to follow that of altcoins’, or will BTC change the market trend?Glassnode’s tweet revealed that the percentage of BTC long-term holder supply sent to exchanges remains extremely low at 0.004%. As per the same, this highlights the inactivity of the cohort amidst elevated market distress, remaining indifferent to the Binance and Coinbase regulatory changes.
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