Experts Weigh In on Bitcoin’s Current State
Recently, Glassnode co-founder “Negentropic” shared his perspective on Bitcoin’s price climb, stating that it has created a significant liquidity pool for long positions, signaling a “neutral impulse.”
Michael van de Poppe believes the recent correction might be a thing of the past, while chart analysis Ali pointed to a 3% increase in the number of large Bitcoin holders in just two weeks, with an additional 46 entities now holding 1,000 BTC or more, reflecting growing confidence among institutional investors.
Tweets Point to Whales Accumulating Bitcoin
Despite the market correction, Bitcoin whales are accumulating more BTC, with a significant increase in major players. 46 new entities now hold 1,000 BTC or more, marking a 3% increase in just two weeks.
Bitcoin’s Trading Situation
Bitcoin is currently trading at $43,466, reflecting an 8.9% increase over the past week. However, the daily trading volume has decreased from $26 billion to $14 billion, indicating a cautious sentiment among investors.
Hot Take
Experts and tweets are pointing towards positive movements in Bitcoin’s price and confidence among institutional investors, despite a decrease in trading volume.
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