Is Bitcoin's most recent dip yet another accumulation opportunity?
provided by cryptocurrency analytics firm IntoTheBlock, Bitcoin whales started aggressively buying the largest cryptocurrency after its price recently dipped below the $60,000 level. This indicates strong buying pressure from large holders. The wallets that hold more than 0.1% of the cryptocurrency's total supply received roughly 55,000 BTC of net flows over the past month.
Earlier today, pseudonymous crypto analyst Ali also said that"early signs" of Bitcoin accumulation had emerged. This presumed accumulation phase would follow three months of distribution. , CryptoQuant's Ki Young Ju recently stated that Bitcoin's boring sideways price action could actually present a decent buying opportunity for investors. He has also opined that the bellwether coin was still in a bullish trend despite rapidly souring market sentiment.
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