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$BTC
bull market is officially back on, according to the IFP index!
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đ $BTC #CryptoQuant : Looking at the 1-hour chart of Coinbase Premium, we see that volatility has decreased, with both the upper and lower bounds moving towards zero in a triangular pattern. During the 2021-2022 bull market, we saw a similar triangular convergence in Coinbase Premium during an extended consolidation phase. After this, the price of BTC increased significantly, reaching a new ATH.
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đđž $ARB Arbitrum accounts for >14% of total DEX volume, yet only 2% of ARB holders are currently in profit.
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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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