A popular crypto analyst thinks Bitcoin’s (BTC) price hasn’t yet caught up with its “out-of-control” fundamentals.
In a new YouTube video, the anonymous host of InvestAnswers tells his 444,000 subscribers that Bitcoin’s fundamental metrics are all going up except for BTC’s supply on exchanges, which is going down.
Large amounts of Bitcoin outflowing from exchanges can indicate a bullish period as deep-pocketed investors accumulate the top digital asset.
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The InvestAnswers host notes long-term holder supply is going up, with roughly 14.5 million Bitcoin sitting in that category now.
“Then we have addresses with a balance greater than one Bitcoin — over 1 million. Of course, many people have five wallets or more, so that doesn’t mean there are a million whole-coiners, ladies and gentlemen. There’ll
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