Both small and rich Bitcoin ($BTC) traders accumulated the benchmark cryptocurrency en masse during the period its prices rose from below $30,000 to over $40,000, signaling their confidence in the asset's long-term bullish setup.
The basis of the upside outlook came from Ecoinometrics, a crypto-focused newsletter service. It highlighted in its latest edition a flurry of on-chain data that tracked the flow of Bitcoin into wallets that belonged to the richest of the crypto