After months of stagnation and sideways price movement, Bitcoin is starting to show signs of speculative activity once again. This renewed interest comes on the heels of a false alarm concerning the distribution of Mt. Gox supply, providing a useful lens for analyzing market reactions using on-chain data. After months of apathy and sideways price action for #Bitcoin, the first glimmers of speculative activity is beginning to re-appear. The market responded to a false alarm regarding the distribution of Mt.Gox supply, however, this offers a lens into how we can consider these… pic.twitter.com/u7ShEJMdCY — glassnode (@glassnode) June 4, 2024 To
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