Analysis: Bitcoin Holders Return to Accumulation Mode, with Holders of 10 to 100 BTC and Less Than 1 BTC Showing Strongest Accumulation Behavior
According to Glassnode monitoring, BTC holders have returned to accumulation mode after a brief inclination to sell. All wallet groups show varying degrees of buying behavior, with the groups holding 10-100 BTC and those holding less than 1 BTC exhibiting the strongest accumulation behavior, both reaching the highest possible score of 1.0.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US regulators postpone approval of AI chip rental price futures for at least 60 days
Federal Reserve Turns Hawkish Again! This Year's Voting Member Logan: At Least Two More Rate Hikes Needed, Pace May Accelerate
On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.
Crypto prices
More
