Bitcoin Sender/Receiver Ratio Hits One-Year Low Indicating Accumulation

Following the October 10 market downturn, Bitcoin's price lacks a clear direction. Current on-chain analysis suggests this quiet period might lead to future growth.

Sender/Receiver Ratio Hits Yearly Low

The Bitcoin Sender/Receiver Address Ratio indicates market sentiment by comparing sending (selling) and receiving (buying) addresses.
A low ratio implies more buying addresses, suggesting potential accumulation phases.
On Binance, the ratio has dropped to 1.34, its lowest in a year, indicating more buying interest.
Historically, such shifts often precede local price bottoms and subsequent upward movements.

Bitcoin

This consolidation phase could strengthen the market's foundation, potentially leading to significant mid-term growth for Bitcoin.

Bitcoin Price Overview

Currently valued at $109,899, Bitcoin shows no notable movement today.
The cryptocurrency has decreased by nearly 2% over the past week.

Bitcoin