Bitcoin far from ‘extreme’ FOMO at above $100K BTC price — Research
Bitcoin investors are not yet exhibiting typical BTC price blow-off top behavior, UTXO data concludes.
Bitcoin (BTC) newbies are not showing signs that the bull market top is in, new research agrees.
In a Quicktake blog post on Jan. 28, onchain analytics platform CryptoQuant said new investor participation had yet to reach “extreme levels.”
Bitcoin bull markets are typically characterized by a high proportion of transactions involving newer market entrants, while old hands brace for lower, CryptoQuant says.
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Author: William Suberg
