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You are at:Home ยป Bitcoin Demonstrates Market Behavior Resembling Previous Bull Markets
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Bitcoin Demonstrates Market Behavior Resembling Previous Bull Markets

By adminMay. 31, 2024No Comments1 Min Read
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Bitcoin Demonstrates Market Behavior Resembling Previous Bull Markets
Bitcoin Demonstrates Market Behavior Resembling Previous Bull Markets
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Based on the information gathered, the ETF market has experienced a positive net inflow of $122.1 million throughout the current week. This continuous influx of capital signifies a robust demand from buyers, which is bolstering the Bitcoin market. The analysis conducted by Santiment on the blockchain reinforces this pattern, revealing that Bitcoin wallets containing a minimum of 10 BTC have augmented their holdings by an impressive 154,560 BTC over the course of the last five months. This accumulation trend observed among owners of larger wallets serves as a significant gauge of market sentiment, typically associated with optimistic phases.

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