Crypto analyst Willy Woo dropped some pretty interesting news about Bitcoin buyers from the past 8 days.
Check out the relevant tweet that he dropped below.
What makes the last 8 consecutive days very special from an on-chain perspective is that EVERYONE is buying, from shrimps to whales. We’ve not seen a pattern like this looking back 10 years.
— Willy Woo (@woonomic) July 31, 2021
Someone said: “Doesn’t the fact that the Glassnode entities data is lagging by 7 days interfere here?” and Woo responded with the following words.
“Not all entities data… The net entity growth metric in particular takes time to cluster accurately so 7-10 days is the cut off before reliable results begin. Other entity based metrics are not as sensitive to drift so do not get the same delay as net user growth.”
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $41,471.84.
Bitcoin price is still in the range predicted through August
Check out a relevant tweet about Bitcoin’s price that analyst Dave the Wave dropped not too long ago.
Price still in the trading range as predicted through to August [June 28 post above]. Amazingly went straight from the bottom of the range to the top. Your move BTC. pic.twitter.com/3c7KjlRcZf
— dave the wave🌊 (@davthewave) July 31, 2021
Someone responded to the tweet and said: “@davthewave I fully agree with you, a breakout would be needed to confirm any proper uptrend reversal. But as the volumes were low when the price started pumping, we could very well drop back down, and break down to 20/23k.”
Bitcoin has seen a lot of volatility lately, but despite this, the king coin is performing great these days.
Stay tuned for more relevant news, and make sure to keep your eyes on the market.