yamuor🔵🍖🧀
@yamuor
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Yesterday, Bitcoin rose to nearly $ 89,000 as investors' emotions improved after the S&P 500 improved. Earlier, on March 2, Bitcoin re -acquired $ 95,000 but fell to $ 82,000, indicating a significant increase in market fluctuations. Among such unpredictable market movements, the number of bitcoin accumulation addresses remains unless external factors stimulate speculative demand. When this speculation disappears, these addresses change to sale. Glassnode data shows that bitcoin is still stuck in the distribution phase. The rating of its accumulation process remains below 0.5 for 58 consecutive days and shows a long distribution period. In fact, Bitcoin is now approaching the average of the one -year distribution and aligns with previous market cycles. 2 replies
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Yesterday, Bitcoin rose to nearly $ 89,000 as investors' emotions improved after the S&P 500 improved. Earlier, on March 2, Bitcoin re -acquired $ 95,000 but fell to $ 82,000, indicating a significant increase in market fluctuations. Among such unpredictable market movements, the number of bitcoin accumulation addresses remains unless external factors stimulate speculative demand. When this speculation disappears, these addresses change to sale. Glassnode data shows that bitcoin is still stuck in the distribution phase. The rating of its accumulation process remains below 0.5 for 58 consecutive days and shows a long distribution period. In fact, Bitcoin is now approaching the average of the one -year distribution and aligns with previous market cycles. 2 replies
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