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$BTC
Bull Market Drawdown From Local High
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đ $BTC Puell Multiple hits its lowest point ever. New Bitcoin supply is also low and similar to June 2021
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đ OTC (over the counter trading) - more than 400K $BTC are currently involved there
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đ $BTC Relatively large orders on Kraken and Coinbase indicate that big traders are hunting for bargains in the Bitcoin/USDT pair.
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đ€ $BTC #CryptoQuant : The number of average active addresses has dropped to a low comparable to the market crash of July 2021 following the mining ban in China.
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đ $BTC Puell Multiple has reached the 0.4 range for the first time since the end of 2022. #CryptoQuant : Investors looking for a long-term accumulation phase might interpret the current Puell Multiple near 0.4 as a sign that Bitcoin is undervalued, or at least nearing a market bottom.
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