Connor Abendschein
The number of bitcoin on-chain deposits has dropped sharply over the last six months, indicating a strong optimistic or “HODLing,” sentiment in the market.
A key on-chain metric has witnessed solid growth over the past 12 months, possibly indicating steady accumulation of bitcoins by retail traders.
Bitcoin’s price volatility spiked in January and could further increase over the near term because “whales” have begun accumulating coins.