• Bitcoin accumulation wave puts $80K back in play: Analyst Demand from Bitcoin accumulation addresses reached a new high, with analysts citing a futures market CME gap as a prediction point for their higher short-term price targets. • Cointelegraph in your social feed Bitcoin (BTC) saw a sharp dip below $67,400 during the Monday session open, after it rallied above $70,000 over the weekend. • An immediate recovery may come at the back of BTC order book data, which shows aggressive bid positioning, and onchain data pointing to a rise in long-term accumulation. • Analysts now say the move may extend toward the $80,000-$84,000 region, with order book liquidity playing a key role in the next move. • Key takeaways: The Bitcoin accumulator addresses held over 372,000 BTC on Sunday, up from 10,000 BTC in September 2024. • The Bitcoin accumulator addresses held over 372,000 BTC on Sunday, up from 10,000 BTC in September 2024.
Article Summaries:
- Bitcoin (BTC) saw a sharp dip below $67,400 during the Monday session open, after it rallied above $70,000 over the weekend. An immediate recovery may come at the back of BTC order book data, which shows aggressive bid positioning, and onchain data pointing to a rise in long-term accumulation. Analysts now say the move may extend toward the $80,000-$84,000 region, with order book liquidity playing a key role in the next move. Key takeaways: The Bitcoin accumulator addresses held over 372,000 BTC on Sunday, up from 10,000 BTC in September 2024. BTC order books show the largest bid skew in over
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