(BTC) bounced again above the psychological stage at $50,000 and the S&P 500 hit a brand new all-time closing excessive on Dec. 23, suggesting that the panic promoting brought on because of the omicron variant is subsiding and the much-awaited “Santa rally” might have began.
Knowledge from on-chain analytics agency Glassnode reveals that about 100,000 Bitcoin are going from “liquid” to “illiquid” state each month, which implies that the cash are being despatched to addresses “with little historical past of spending.” This means accumulation by traders.
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