Su Zhu claims that a signal that may indicate the possibility of a profitable purchase of the first cryptocurrency has appeared six times in the entire history of the asset.Co-founder and CEO of hedge fund Three Arrows Capital, Su Zhu, said on Twitter that he had found a rare signal that could indicate the possibility of a bargain buy bitcoin. According to Su Zhu, this signal has appeared six times in the entire history of Bitcoin.
Dormancy flow buy signal on $BTC, very rare, only six times in history pic.twitter.com/eNU5lY9sOH
— Zhu Su 🔺 (@zhusu) January 11, 2022
The Three Arrows Capital chapter refers to the idle flow indicator, which displays the period during which bitcoin remained “illiquid” before they started moving. The current value of the indicator, which Su Zhu is pointing to, may indicate that there is no selling pressure on the bitcoin rate.
Su Zhu also added that Bitcoin is currently in a long phase of accumulation.
Illiquid supply has been rising sharply since July 2021, in line w the accumulation trend from Jan 2019 to Apr 2021$BTC pic.twitter.com/IvOk4NZefe
— Zhu Su 🔺 (@zhusu) January 11, 2022
On January 12, Bitcoin is traded at $ 42.8 thousand. Over the day, the cryptocurrency has risen in price by 2%, and its capitalization has increased to $ 810 billion, according to CoinGecko.
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