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New Optimistic Buyers Flock to Bitcoin, BTC & Macro Relation
In analyzing Bitcoin on-chain activity, we at ChangeNOW can see that long-term holders, who are less affected by BTC price volatility, never left the market, while short-term speculators escaped during the recent sell-off, allowing more optimistic buyers to enter
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Bitcoin Needs to Reclaim $53,000 before a Bull Run to be Reignited
With the price staying below the short-term holder (STH) cost basis for nearly a week, on-chain analyst Will Clemente believes that Bitcoin needs to reclaim the $53K area if a bull run is to be reignited.