Is Bitcoin [BTC] entering early stages of bull phase? Refer to these metrics for an answer
across various addresses also played a role in the current BTC price rally. For example, Shrimps, which are smallholders of Bitcoin, added 107% of top Bitcoin’s issuance, while Crabs, which are medium-sized holders, added 120% of issuance.Despite the growth of BTC’s prices and issuance, the trust of traders in BTC declined. The number of long positions on Bitcoin tumbled as prices rose, per coinglass data.
However, the number of long positions still outnumbered the number of short positions by a small margin. But this could change soon if the number of short positions against BTC grows.It remains to be seen whether the traders turn out to be right about the future of Bitcoin in the long run. Well, at the time of writing, the price of Bitcoin was $23,183.17, and it increased by 2.28% in the last 24 hours according to
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