Bitcoin Supply Metric Touches New All-Time High, Time For Reversal?

Bitcoin Supply Metric Touches New All-Time High, Time For Reversal?

Bitcoin has been named the best performer among asset classes in 2023, but the cryptocurrency is still struggling to break new levels in its price. Despite the current bearish sentiment, many analysts have hinted and predicted a bull run in the coming months, especially as the market awaits the approval of a spot Bitcoin ETF.  This has probably prompted many investors to hold on to their coins, as on-chain metrics have shown that the amount of Bitcoin supply idling recently reached a new all-time high.  Unmoved Bitcoin Supply Reaches Record High The industry expects the SEC’s....


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Bitcoin Touches $18K, Crypto Asset Looks to Smash All-Time High, ETH Price Co...

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