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Bitcoin whale watching: This metric that called the 2017 top is now flashing red

While demand for Bitcoin remains high, current profit-taking behavior suggests that the market may be on the verge of turning bearish. After weeks of Bitcoin (BTC) sell-offs, high-net worth Bitcoin holders, or whales, are finally back to buying. Their buying activity not only picked up when BTC's price broke out of the two-months ascending triangle to new all-time highs, but it has also stayed intact since the price crash on April 18. Whales have come back to accumulate Bitcoin Whales' continuous buying activity comes at a time when the number of addresses holding more than 1,000 Bitcoin has reached its four-month…

Continue Reading Bitcoin whale watching: This metric that called the 2017 top is now flashing red

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