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Analysts wonder whether Bitcoin bottomed out as BTC bears reduce their positions

Analysts wonder whether Bitcoin bottomed out as BTC bears reduce their positions
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.

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'Every Address Metric For Bitcoin Looks Awful,' Says Crypto Fund Manager


What Happened: Charles Edwards, the founder of Capriole Investments – a fund that takes long or short positions in
Bitcoin (CRYPTO: BTC) based on autonomous algorithms – isn’t convinced that the digital asset’s address metrics are entirely bullish.
I keep seeing posts on bullish Bitcoin address growth, but every address metric for Bitcoin looks awful.
1. Daily active addresses has halved. pic.twitter.com/81ToAZzJ0O
“I keep seeing posts on bullish Bitcoin address growth, but every address metric for Bitcoin looks awful,” said Edwards on Twitter.
Edwards pointed to the current number of addresses holding over 1000 bitcoins as another concerning indicator. According to him, the whales that sold their Bitcoin holdings at the market top have still not resumed buying back into the leading digital asset. ....

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