ARK Says Bitcoin Bottom Is Not In as Conviction Buyers Lift Holdings 69%

ARK Invest said supply held by conviction buyers rose 69% to 3.60 million BTC in Q1, even as Bitcoin saw a 22% drawdown. ARK Invest said Bitcoin did not reach its historical bottom zone because price did not fall into the $50,000–$54,000 range in Q1.

BTC-0.09%
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