Cointelegraphcointelegraph.com'Best thesis' for Bitcoin accumulation surfaces despite current downside risk: Analyst (opens original article in a new tab)
Bitcoin's lowest RSI readings coincide with increased accumulation by various investor groups, according to onchain data and analyst insights, though large wallets reduced their holdings.
- Bitcoin's daily and two-week RSI reached all-time lows.
- Wallets holding 1,000-10,000 BTC added 53,042 BTC in 60 days.
- Large wallets holding over 10,000 BTC reduced balances by 39,840 BTC.
- Smaller holders showed strong accumulation with high scores on onchain metrics.
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