Bitcoin uptrend not over: Big whales aren't selling BTC, data shows

Bitcoin uptrend not over: Big whales aren't selling BTC, data shows

Big whales aren't selling, but accumulating Bitcoin, as the price of BTC consolidates under $60,000. The price of Bitcoin (BTC) is consolidating between the $55,000 to $59,000 range, establishing the mid-$50,000 region as a support area. This trend coincides with strengthening on-chain fundamentals, such as whale and address activity.Since the Bitcoin rally began to accelerate in November 2020, the seven-day average active address has increased in tandem. A pseudonymous trader known as "Crypto Birb" pointed out:"$BTC seven day average over daily active addresses in sideways while price....


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