Stock Groups

Bitcoin whale indicator detects multi-month accumulation trend as BTC eyes $67K-retest -Breaking

[ad_1]

© Reuters.

Recently, “s” (BTCAccording to one Glassnode measure, the biggest investors increased their reserves in tandem with ongoing price recovery.

The on-chain indicator is known as “Whale Supply shock” RepresentsThis is the ratio between Bitcoins held by fishes and whales. Addresses that are held between 10,000- 100,000 BTC by whales and between 1,000 and 1,000 BTC by fishes.

BTC Whales Supply: Shocking versus Price Glassnode
BTC Whales Supply Shock recovers with price Glassnode
BTC Whales Supply Shock rises ahead of spot price peak in May 2019, according to the BTC Whales Supply Shock. Glassnode
Daily price chart with potential Bull Flag setup. TradingView