Who has been buying this rally? It's smart money... High Net Worth Individuals. You can see the average transaction value between investors taking a big jump upwards. OTC desks are seeing this too.

Bitcoin is still in it's stealth phase of its bull run.
Premium data sponsored by: @glassnode

Also a reminder, I made my latest analysis (in the premium edition of The Bitcoin Forecast) free to all... https://willywoo.substack.com/p/the-organic-rally
#forecast : After the most organic rally in years, what next?

Dear subscribers, On-chain activity and price action has been making loud noises in the last 48 hours. In my last letter we saw the largest impulse of coins changing hands in recent history coincid...

https://willywoo.substack.com/p/the-organic-rally
Best of all we are not just seeing smart money flow in, it's NEW smart money.

Orange line is the rate of new investors coming in per hour previously unseen before on the blockchain.

It's seriously bullish.

Another killer chart by @glassnode.
You can follow @woonomic.
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