{"id":135513,"date":"2024-08-14T14:00:32","date_gmt":"2024-08-14T11:00:32","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135513"},"modified":"2024-08-14T13:39:39","modified_gmt":"2024-08-14T10:39:39","slug":"bitcoin-investors-hold-steady-ahead-of-cpi-data-release","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-investors-hold-steady-ahead-of-cpi-data-release\/","title":{"rendered":"Bitcoin Investors Hold Steady Ahead of CPI Data Release"},"content":{"rendered":"

This shift towards accumulation reflects positive investor sentiment and the anticipated impact of the CPI on the crypto market.<\/p>\n

On-chain data from Glassnode shows that despite recent volatility, investor confidence in Bitcoin<\/a><\/strong> is rising. Large wallet holders, often associated with institutional investors, are significantly increasing their Bitcoin holdings. The Accumulation Trend Score (ATS) has reached its peak, indicating a strong trend toward accumulation.<\/p>\n

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The market saw significant turmoil last week with $1.06 billion in liquidations due to weak economic data and geopolitical tensions. Despite this, Bitcoin rebounded sharply, trading at $60,806 and contributing to a 2.4% increase in the total crypto market cap, now at $2.23 trillion.<\/p>