Bitcoin in “Accumulation” Phase Ahead of Halving The amount

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Bitcoin in “Accumulation” Phase Ahead of Halving The amount of Bitcoin transferred out of crypto exchanges has reached its highest value since January 2023, indicative of an “accumulation” phase that could lay the bedrock for a price surge in the coming months. Meanwhile, Open Interest and Spent Output Profit Ratio metrics together show that the current bitcoin pullback—which saw the asset shed 10% in the past week—may have cooled off, giving bulls another reason to cheer.

Bitcoin in “Accumulation” Phase Ahead of Halving
The amount of Bitcoin transferred out of crypto exchanges has reached its highest value since January 2023, indicative of an “accumulation” phase that could lay the bedrock for a price surge in the coming months.
Meanwhile, Open Interest and Spent Output Profit Ratio metrics together show that the current bitcoin pullback—which saw the asset shed 10% in the past week—may have cooled off, giving bulls another reason to cheer.