Bitcoin cannot get out of the range it has been trading in since February. Nevertheless, according to Glassnode analysts, the redistribution of coins from speculative investors to hodlers has already been completed. The experts again reminded traders about the accumulation of coins in the range of $35,000 – $42,000. Comparing UTXO at the time of writing this piece and as of January 22 (indicated by the blue dashed line), they came to the following conclusions: The last 2.5 months of consolidation have not led to active action, including among those holding coins at a loss; Many investors refilled their portfolios
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