At first glance, with the amount of “top signals” surfacing in the industry right now (i.e., record amount of ICOs and token launches, Paris Hilton’s new Twitter profile photo, your 60-year-old uncle buying Bitcoin), it is both easy and tempting to think that Bitcoin has topped out in this macro bull cycle. Delphi continues to hold firm to our 2021 Bitcoin Outlook report published in December 2020, which suggests we are in the midst of a long-term uptrend. In this post, we would like to present a few key on-chain metrics that support our outlook.
On-Chain Metrics Suggest Positive Momentum For BTCApr 8, 2021 · 5 min read
By Jeremy Ong
Disclosure: Delphi Ventures and members of our team hold BTC. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice.
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