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Blockchain Indicator Suggests Bitcoin Could Be Close to Bottoming Out

Bitcoin looks undervalued relative to the annualized dollar value of coin dormancy.

Updated May 11, 2023, 4:39 p.m. Published Jan 12, 2022, 7:23 a.m.
Bitcoin's entity-adjusted dormancy flow drops under $250,000, indicating a price bottom ahead (Glassnode)
Bitcoin's entity-adjusted dormancy flow drops under $250,000, indicating a price bottom ahead (Glassnode)