Renowned analyst Alimartinez recently shared his views on Bitcoin and the broader cryptocurrency market.
Martinez emphasized that the ratio of the simple moving average in the ratio ETH/BTC has crossed 365, which he interprets as an early indicator of the upcoming altcoin season. However, the analyst stressed that the prices of leading cryptocurrencies often rise at the most unexpected times.
Martinez continued to analyze Bitcoin and revealed that over the past four days, cryptocurrency exchanges have transferred 14,000 BTC, equivalent to approximately $851 billion.
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, despite these large transfers, Bitcoin Kit made a large amount of purchases when the price was in the lower range, leading to an increase in the BTC buy/sell ratio.
In addition, Martinez
pointed out
the recovery of individual Bitcoin investors. The number of newly added BTC addresses on the internet has risen to 352,124, reaching the highest level since XNUMX months ago.
