Altcoins may be dealing with intense market pressure but Bitcoin isn’t, despite the slight plunge in Bitcoin’s price this week. To take the decline in price as a sign that the bull run is over may not be as beneficial as it may currently look, according to new on-chain data that says otherwise.
CryptoQuant, a leading on-chain data platform has published a new set of data in which a “buy-the-dip” signal indicates that Bitcoin is in a strong buy zone.
Whales have stomped the market, sending the exchange inflow to astronomical levels. Usually, this could incite a bear market, but in the long-term, the charts may play in favor of those who don’t fret during this period.