Grayscale (@Grayscale): Grayscale Research believes $BTC's blockchain data could signal a durable market bottom has occurred.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC+70Positive
Grayscale Research believes $BTC's blockchain data could signal a durable market bottom has occurred. $BTC has rallied nearly 20% since February 5th. Recent buyers are back at breakeven around ~$74K We believe this: -> Reduces sell pressure -> Flips short-term sentiment -> Often indicates the first phase of a bull cycle. Read the full article from @lowbeta on the Stack here: https://www.grayscale.com/the-stack/recent-bitcoin-buyers-back-to-breakeven