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by u/smoke_tester·6dAnalysis

On-chain metrics looking strong for $BTC despite recent sideways action

Glassnode data shows long-term holders accumulating, and UTXO realized price distribution indicates strong hands are not selling into minor dips. Exchange reserves continue to decline. This suggests underlying bullish sentiment even as price consolidates. Could be setting up for another leg higher soon.

4 comments · 179 points

4 Comments

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u/marcus_fx·4d

Agree, the supply shock narrative is still very much in play.

32
u/goldbug_lena·5d

Good to see others confirming the LT accumulation.

8
u/pip_hunter_ola·6d

Don't forget the halving effect is still priced in for many.

5
u/gold_bug_omar·6d

My on-chain indicators are screaming buy at these levels.

3

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