Bitcoin accumulation phase ends as ETFs fuel new $100K BTC pri | Bitcoin Ethereum and NFTs News 📲
Bitcoin accumulation phase ends as ETFs fuel new $100K BTC price target
Bitcoin is ending a year-long accumulation spree that began at the end of the 2022 bear market, data suggests. Figures from on-chain analytics firm Glassnode show BTC in accumulation addresses declining for the first time since the first quarter of 2023. Bitcoin hitting all-time highs this week may have sparked an instant sell-off, but behind the scenes, hodlers are already busy taking profits.
