Bitcoin’s (BTC) lowest-ever readings on the daily and two-week relative strength index (RSI) are coinciding with steady accumulation across several investor cohorts, strengthening what one analyst called the “best thesis” for buying BTC.
Onchain data shows wallets holding 1,000–10,000 BTC added more than 53,000 BTC over the past 60 days, while smaller retail investors also increased their holdings.
BTC accumulation grows across key cohorts
MN Capital founder Michael van de Poppe highlighted Bitcoin’s historically weak momentum readings as a potential long-term opportunity.
“The lowest Bitcoin read on the 2-Week RSI, and Daily RSI EVER. That’s the best thesis for accumulating and buying your Bitcoin,” van de Poppe said, adding that the panic-driven selling could continue while…
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Source cointelegraph.com
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