Bitcoin Price Stalls as HODLers Accumulate
Price action for majors have been going through a bout of consolidation over the last few weeks. BTC continues to trade in its new price range between $46K and $50K. The on-chain data suggests a significant increase in HODLer net positions recently.
A positive holder net position change reveals that long-term investors are net buyers at these levels. Generally, this is a fairly bullish signal for the medium term.