Bitcoin might be bracing for bull run on resurgence of smart investors
Bitcoin (BTC) has registered impressive despite a predominantly bearish atmosphere. Amid this trend, a recent analysis by a CryptoQuant market observer suggests the return of smart investors in the market, which could signal the start of a bull run. The potential resurgence of these investors after a period of dormancy has piqued the interest of market participants. Is the smart money coming back? "The market often sees a cycle of "Stupid money" participating late after the bull market and " smart money" participating in advance before the bull market." by @bitcoin_lupin Linkhttps://t.co/QDLQKpZoEz — CryptoQuant.com (@cryptoquant_com) June 27, 2023 According to the report, which cited data from the Realized Cap UTXO Bands, market trends indicate a typical cycle where “stupid money” joins the market late in the bull run while “smart money” enters the scene well in advance. You might also like: Gemini enabl...