Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC

Among the indicators under assessment for the week was the average age of Bitcoins moved on-chain.

At 90 days, this was three times older than during September and October, but notably not a significant historical anomaly. “The uptick in older coins being spent is noteworthy, and is in line with peaks seen during previous capitulation sell-off events, and even the 2021 bull market profit taking,” it wrote.

“A sustained up-trend or elevated level of Dormancy may indicate a more widespread panic has taken root amongst the HODLer cohort.”, the overall feeling in analytics circles remains one of “wait and see,” with the potential for a worsening of price action in the short term firmly on the radar. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

WilliamSuberg These events are preventing Bitcoin from recovering. But I'm glad I can spend more usdt to buy cheap bitcoin

hahahaha SAFU !d!otz

Safu is the dumbest term to use .. Is the ' Situation All Fucked Up' Or is it ' Secured Assets For Users' Glad I don't have to worry about this personally but clarity is important when reporting

It's allways SAFU. Until it isn't.

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