2024

Bitcoin

when

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Crypto analysts have spotted on-chain data suggesting a potential Bitcoin rally soon.</strong></li> 
 <li><strong>BTC 30-day demand change suggests ongoing Bitcoin accumulation by whales.</strong></li> 
 <li><strong>Bitcoin whales have set liquidation targets above $70,000.</strong></li> 
</ul> 
<p>On-chain data suggests a potential Bitcoin (BTC) rally may be on the horizon, according to several crypto analysts. Whale activity indicates a possible return of Bitcoin to its all-time high, possibly triggering a significant bull run and pushing the flagship crypto to levels once achieved.</p> 
<p>A Bitcoin-focused YouTube presenter, known as Crypto Rover on X (formerly Twitter), highlighted a developing scenario involving massive BTC accumulation by crypto whales. The analyst shared on-chain data showing a 30-day demand change for Bitcoin among permanent holder addresses and ETFs.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> accumulation by whales is sky rocketing.<br><br>The greatest bull market of your life is still yet to come. <a href="https://t.co/dyrDXGC0xx" target="_blank" rel="nofollow">pic.twitter.com/dyrDXGC0xx</a></p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1821074886200057914?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 7, 2024</a>
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<p>Notably, Crypto Rover’s post reveals a demand spike from permanent holder addresses in July, when Bitcoin traded around the $70,000 region. Such a signal suggests crypto bulls are well-inve…</p>
<p>The post <a href="https://coinedition.com/bitcoin-bull-run-on-chain-data-signals-surge/">Bitcoin Bull Run: On-Chain Data Signals Surge</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Bull Run: On-Chain Data Signals Surge

Coin Edition

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