The new Bitcoin entity is close to an all-time high as analysts herald “active whale activity” by Cointelegraph

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The new Bitcoin entity is close to an all-time high as analysts herald “active whale activity”

(Bitcoin) Analyst William Clement said that on-chain activity is “dead”, but the current on-chain indicators are very positive.

In the latest version of Anthony Pompliano Weekly newsletter, Clement highlighted multiple indicators, indicating that there is no reason to bearish Bitcoin this month.

The 14-day moving average chart of Bitcoin entity net growth. Source: William Clement/Glasnode
Chart of Bitcoin’s 7-day average hash rate.Source: Blockchain
Bitcoin trading figures 14-day moving average chart. Source: William Clement/Glasnode