Bitcoin Supply Dynamics Hint at Potential Bottom Formation
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The Bitcoin supply shift indicates a potential market bottom as over 630,000 BTC has moved off exchanges in recent weeks, with whale accumulation reaching five-month highs. Short-term holder MVRV has stabilized at 0.85 after capitulation, signaling weakened selling pressure and stronger holder conviction in a recovering market. Bitcoin exchange reserves hit eight-year lows at 1.8 […] Source: https://en.coinotag.com/bitcoin-supply-dynamics-hint-at-potential-bottom-formation
