Finance

New Bitcoin entities near all-time high as analyst heralds ‘positive whale activity’ By Cointelegraph

New Bitcoin entities near all-time high as analyst heralds ‘positive whale activity’

(BTC) on-chain activity is “dead” but on-chain indicators are overwhelmingly positive right now, says analyst William Clemente.

In the latest edition of Anthony Pompliano’s weekly newsletters, Clemente highlighted multiple metrics showing no reason to be bearish about Bitcoin this month.

Bitcoin entities net growth 14-day moving average chart. Source: William Clemente/ Glassnode
Bitcoin 7-day average hash rate chart. Source: Blockchain
Bitcoin transaction numbers 14-day moving average chart. Source: William Clemente/ Glassnode