On-chain data also show bullish signs for bitcoin in the medium term, said Eddie Wang, senior analyst at OKLink research, crypto exchange OKEx’s on-chain data research arm. The network’s hashrate has been steadily increasing since July, the mining difficult has also increased eight times, and miners have accumulated over BTC 3,000 in their wallets since September, Wang said.
Bitcoin Tops $66K, Resuming Uptrend as Real Bond Yields Slide
