Cryptocurrency
Bitcoin Whales Have Been Buying En-Masse Since Early-2020: “Macro Bullish” Sign
As reported on NewsBTC, “Unlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent. One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions. “It is a nearly inescapable fact that many have used to their advantage. One can analyze the […]
As reported on NewsBTC, “Unlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent. One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions.
“It is a nearly inescapable fact that many have used to their advantage. One can analyze the data in order to get an edge over their fellow investors and users.
“Noted on-chain analyst Willy Woo made this much clear, recently saying that Bitcoin data is printing a ‘macro bullish sign.’
“Citing data from Glassnode, Willy Woo on May 5th noted that the population of large Bitcoin holders (1,000+ coins) has increased strongly since January’s lows. This indicates these users have been in ‘solid accumulation mode,’ which is a ‘macro bullish’ trend:..”