Bitcoin: Pro Ripple lawyer believes BTC holders might push price above $50K $BTC
has spotted a positive sign for the largest cryptocurrency by market capitalization, Bitcoin.
"If nearly 80% of Bitcoin hasn't moved, it might be a sign that people aren’t selling. Very interested to see what happens with that percentage at 50K and 75K," Deaton tweeted. In another tweet, Will Clemente noted that despite Bitcoin roughly doubling off its lows, every day a new record high is set in the amount of supply that has not moved in at least a year.
On-chain analytics firm Glassnode observes that a stable equilibrium was reached at about $26,000 before the price rally.
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