Bitcoin In Heavy Accumulation

That’s the title of the latest report from Tuur Demeester of Adamant Capital.

In the report Tuur and crew detail how bitcoin has moved from capitulation to accumulation, how the current crypto bear market parallels the 2014/5 crypto bear market, and how the case for bitcoin is supported by strong fundamentals.

Here’s one of the more interesting charts.

It shows bitcoin’s relative unrealized profit/loss.

According to the report, a “very substantial price and coin movement happened in November 2018, when relative unrealized losses doubled in mere weeks. We call this capitulation, when the final expectations of a swift price recovery are torpedoed by the market.”

Lot’s of other great info in there as well.

I found the bitcoin 60-day volatility chart very interesting.

Check out the report.

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