Bitcoin On-сhain: October 2022 Bitcoin prices have shown rem | 3x Capital - Be Brave to Invest

Bitcoin On-сhain: October 2022

Bitcoin prices have shown remarkable strength, amidst a highly volatile traditional market backdrop. Several macro metrics indicate that Bitcoin investors are establishing what could be a bear market floor, with numerous similarities to previous cycle lows. An average whale cost basis (1k+ BTC) is currently around $15.8k. It is a psychologically important level to these investors.

More insights on Bitcoin in our On-chain Monthly Report.
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