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$30K BTC price imminent? This Bitcoin hodler metric hints at the next rally peak

From cointelegraph.com

Bitcoin (BTC) HODLer volume has marked previous tops and the start of bull cycles. As the dominant cryptocurrency heads towards $30,000, HODLer activity could be a useful tool to potentially gauge BTC’s next peak. Since October, as Cointelegraph reported, the HODLing activity of Bitcoin has continuously increased. Fewer HODLers have been moving their holdings, which indicates an overall bullish market sentiment. The term “HODLer” refers to long-time holders of Bitcoin. It is possible to track the activity of HODLers by evaluating addresses that have not moved BTC for several years. If HODLers move their assets when ... (full story)

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  • Category: Fundamental Analysis