40,000 extra Bitcoin tokens bought by whales ahead of latest jump above $42K BTC
notes that traders' perceptions of large-cap assets vary. Bitcoin traders believe a buy-the-dip opportunity is near while Ethereum traders bask in euphoria.
Several indicators seem to suggest buy-in signals. The Entity-Adjusted Dormancy Flow of Bitcoin suggests that BTC is creating a local bottom. To establish whether experienced market participants are spending their BTC, this metric looks at the ratio of current market capitalization to annualized dormancy value.spending from old hands, Entity-Adjusted Dormancy Flow drops below 250K, which represents a great buy zone.
This metric has timed every market bottom & a similar outlook may play out now as dormancy value has overtaken market cap.
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