The Bitcoin price has observed a surge back above the $71,000 level during the past day as buyers appear to have returned on Coinbase.
On-chain data shows that Bitcoin addresses with zero sales histories participated in a big accumulation before this recovery run started.
On-chain data shows the Coinbase exchange has just seen a massive Bitcoin outflow, a sign that some large-scale buying might be going on.
On-chain data shows that Bitcoin investors holding between 100 and 1,000 BTC have been on an unprecedented buying spree in the past two months.
On-chain data shows the Bitcoin “accumulation addresses” have observed all-time high inflows following the latest asset price slump.
An analyst has explained how a pattern forming in the Bitcoin Market Value to Realized Value (MVRV) could suggest now may be the time to buy.
Bitcoin on-chain data shows the so-called “accumulation addresses” have been buying large amounts of the cryptocurrency this month.
Data from the on-chain analytics firm Glassnode has revealed that around 9.5% of the Bitcoin supply changed hands above the $60,000 level.
Data shows Bitcoin has just seen its second large outflow from Coinbase in a week, as almost $1.2 billion in BTC has left the platform.
On-chain data shows the Bitcoin shark cohort has participated in its largest accumulation spree over the past month since 2012.
