As the tumultuous month of February unfolded, the bitcoin market experienced dramatic shifts, leading to a resurgence of buying interest among all types of investors. Originally priced at $80,000 at the start of February, bitcoin witnessed a steep decline to $60,000 by February 5. This sharp drop has prompted a notable change in investor behavior, shifting from panic selling to a more coordinated accumulation strategy across various investor categories. Market Dynamics Shift Data from blockchain analytics firm Glassnode reveals a robust trend of accumulation among bitcoin holders following one of the sharpest capitulation events in the cryptocurrency's history. The aggressive selling that characterized the initial days of February is now giving way to a broader re-entry by investors who are starting to view bitcoin as valuable again after a significant price correction. Glassnode's Accumulation Trend Score, which measures the strength of accumulation across different wallet si...
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