# Bitcoin crashes below K, but on-chain data suggests accumulation is brewing

# Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing

“# Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing ” Despite Bitcoin crashing below $30,000 for the first time in one month, on-chain metrics suggest whales may be steadily accumulating BTC. According to Glassnode’s July 19 “The Week On-Chain” report, the Bitcoin reserves of centralized exchanges have continued to evaporate despite the…

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