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Bitcoin speculators hit all-time lows as Grayscale says BTC like 2016

From cointelegraph.com

Bitcoin Hodler vs. Speculator Index historical chart. Source: Grayscale/ Coin Metrics As Cointelegraph reported, analysts have already argued that the current state of Bitcoin echoes 2016, roughly 18 months before its all-time highs of $20,000. With a raft of technical indicators all flashing green, the bullish potential has not gone unnoticed by many. “Percent of Bitcoin ‘Holders’ peaking and ‘Speculators’ bottoming, another great indicator that the Bull run is just beginning,” Charles Edwards, founder of fellow asset manager Capriole, added on Twitter about HSI. 1-year dormant BTC beats record The Grayscale report ... (full story)

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  • Category: Fundamental Analysis