Crypto
Bitcoin shows 3 signals it may be entering an accumulation phase
Bitcoin has risen nearly 4 percent to above $71,000 after a U.S.-Iran ceasefire announcement, and three on-chain indicators suggest it may be entering an accumulation phase, blockchain outlet BeInCrypto reported. CryptoQuant data show active address momentum falling to -0.2, an extreme since 2018, which an analyst linked to short-term holders leaving while long-term holders accumulate. Other indicators pointed to similar patterns and extreme bearish sentiment, with further downside possible but likely more limited, a founder said.
