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CryptoGlobe 2023-09-26 07:09:06

Bloomberg Analyst Highlights Unprecedented Strength in Two Bitcoin On-Chain Metrics Amid Market Slump

On September 22, Jamie Coutts, an analyst specializing in cryptocurrency markets at Bloomberg Intelligence, took to social media platform X to share his insights on Bitcoin’s current on-chain activity. Coutts emphasized that two particular metrics—namely, the number of long-term Bitcoin holders and the volume of transactions on the Bitcoin blockchain—are at historic peaks. Coutts pointed

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