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Bitcoin in Accumulation Phase Despite Macro Headwinds, On-Chain Data Indicate

by Shaurya Malwa
September 5, 2022
in Cryptocurrency
Reading Time: 1 min read
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The Puell A number of, a instrument that measures one-year income development amongst bitcoin miners, signifies there’s shopping for curiosity amongst buyers and, with a studying of 0.5, locations bitcoin in a so-called inexperienced zone for these trying to construct long-term publicity to the coin, CryptoQuant analysts instructed CoinDesk. The metric entered the inexperienced zone within the final leg of the earlier bear market, which preceded weeks of value consolidation and a subsequent revival, as reported.



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Tags: AccumulationBitcoinDataHeadwindsmacroOnchainphase
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