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Bitcoin's Diverging Wallet Activity Hints at Potential Bullish Reversal Amid Market Volatility
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Bitcoin's Diverging Wallet Activity Hints at Potential Bullish Reversal Amid Market Volatility
Currently, Bitcoin has a market cap a bit over $104,300. The entire wallet activity across the Bitcoin system seems to tell a story of very divergence accumulation behavior between the types of investors. On one side, we have the big institutional investors, who look to be quietly accumulating even more Bitcoin. And on the other side, we have some retail investors—well, a seemingly shrinking group of them—who look to be bailing out of the system…
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