Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000
After breaking out of the two-months ascending triangle, the price of #Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels.
Furthermore, the current price is not even close to a short-term price top when comparing to historic network valuation multiples.
BTC price bull run not overheated, investor activity shows
While bear market bottoms often coincide with seller exhaustion, bull cycle tops happen to occur with buyer exhaustion. Watching long-term investor activity during the
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