Bitcoin Signals Potential Rally as Long-Term Holders Accumulate Despite Recent Price Dips
Bitcoin Signals Potential Rally as Long-Term Holders Accumulate Despite Recent Price Dips
Despite a recent slide in price, Bitcoin's long-term holders have shown a significant shift, moving from 12 days of selling to net buying. On July 11 and 12, these patient investors added a net 5,912 BTC, indicating a potential bottom or reversal. This accumulation activity coincides with a market signal that has historically preceded a 25% rally, raising questions about its sustainability given Bitcoin's current 2% downturn.
Bitcoin price is sliding, but its most patient owners are doing the opposite of panicking. After 12 days of selling, long-term holders of Bitcoin (BTC) flipped back to buying on July 11 and 12, adding a net 5,912 BTC. The move is small and only two days old. Moreover, BTC is still down 2% over
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