BackBitcoin's Unusual Bottoming Process: Long-Term Holders Accumulate Amid ETF Outflows

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CryptoSlate3d agoCrypto

Bitcoin's Unusual Bottoming Process: Long-Term Holders Accumulate Amid ETF Outflows

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Glassnode reports 54% of Bitcoin supply is in loss, marking a sharp deterioration in investor profitability.
This suggests an unusual bottoming process where long-term holders accumulate while ETF investors sell, indicating a controlled migration of BTC to patient hands despite price weakness.

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Glassnode reports 54% of Bitcoin supply is in loss, marking a sharp deterioration in investor profitability. This suggests an unusual bottoming process where long-term holders accumulate while ETF investors sell, indicating a controlled migration of BTC to patient hands despite price weakness.

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Bitcoin deposits to centralized exchanges surged to nearly 50,000 BTC daily as the price fell below $60,000. Data from CryptoQuant suggests this pattern, especially with larger deposit sizes indicating whale and institutional activity, historically precedes significant price volatility and potential downward moves.

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Bitcoin's Unusual Bottoming Process: Long-Term Holders Accumulate Amid ETF Outflows

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