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Institutions keep the Bitcoin bull market on track

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Because the institutional funding narrative continues to play out, on-chain metrics present the continued accumulation of BTC in massive addresses remains to be ongoing, with a rise of 9% throughout the earlier 30 days alone. This was barely offset by the lower in addresses holding 10-100BTC, indicating that smaller “whales” have been discovering the possibility to take revenue too good to go up.

The 12 months began with a surging improve in volatility and buying and selling quantity, with BTC setting a new all-time high at $41,941 before plunging back below $32,000. In doing so, annualized volatility hit a excessive of 97%, a determine not seen since April of 2020.

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