![]() Meanwhile, the Bitcoin network has experienced heavy traffic as the price is hovering at its crucial bottoms between $46k and $48k. Currently, miners are not ready to sell their assets, therefore we can see some big spikes probably in the first or second week of January. Whilst tightly held their asset during bear markets. They usually have spent their coins on exchanges whenever the price has reached its zenith. It is clearly observed from the chart that miners are turning out to be smart holders. Whilst smart money is not moving to the exchanges, the asset is expected to break out of the cage in the next couple of weeks.Ĭrypto metric platform Glassnode revealed interesting analytics. Further, it thrives hard to come out of the range-bound scale. Big Week Ahead For Bitcoin!ĭespite there is risk of options expiry, Bitcoin has managed to rise by 1% in the past 24-hours. However, the macro outlook remains positive as there is a rise in confidence of long-term holders, miners, and the net network growth. As $6 billion worth of options expires today, the most dominant asset might experience a slight pullback.
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