404,448 Bitcoin [BTC], worth $23 billion, were moved to permanent holder addresses over the past 30 days, singnaling accumulation.
USDT dominance bearish reversal pattern to trigger Bitcoin rally., worth $23 billion, were moved to permanent holder addresses over the past 30 days, according to on-chain data, indicating significant accumulation.
This missed opportunity is highlighted as institutions are believed to have bought during the recent market dip.For weeks, warnings have emerged about investors and traders becoming overly optimistic, ignoring signs on the BTC weekly chart. Currently, BTC is in a correction phase, possibly having its last dip before another rally. This phase has attracted significant institutional investments, with many Bitcoins moving to permanent holder addresses.When USDT dominance drops, crypto prices often rise. This was evident on ‘Crypto Black Monday’ when $1.7 billion in assets were liquidated.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin investors start stockpiling: Is BTC’s bull run close?Bitcoin’s [BTC] price has once again gained bullish momentum as it was fast approaching $70,000, but danger looms
Read more »
Bitcoin’s bull run to $68K: A trap for $30M in liquidation?Bitcoin [BTC] has been on a bull rally for the last seven days as its price has increased considerably and thunghs can get better.
Read more »
Bitcoin recovers above $56k after Black Monday: Is a bull run coming?The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin slips out of bull market again: Will rate cuts spark another rally?Technical analysis of the Bitcoin [BTC] chart on TradingView showed that the asset has fallen out of the bull market again this year
Read more »
Bitcoin nears bull flag breakout - Is $200k target possible?The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin’s bull run continues, but where’s the retail demand?Retail interest in Bitcoin has dropped to a level last seen in 2021, stroking fears amongst Bitcoin bulls. What will restart retail interest?
Read more »