🚨 Smart Money Accumulating Bitcoin 💰

On-chain data suggests early signs of accumulation — despite recent market sluggishness.

After the October 10 market dip, Bitcoin (BTC) has traded sideways for most of what’s usually a bullish month. But on-chain metrics hint this calm may be setting the stage for a breakout.

📊 Key Signal — Sender/Receiver Ratio Hits 1-Year Low

Analyst CryptoOnchain (via CryptoQuant) reports that Binance’s BTC Sender/Receiver Ratio has dropped to 1.34, its lowest level in 12 months.

👉 This metric compares sending (selling) vs. receiving (buying) addresses.

Above 1 = selling pressure dominates

Near or below 1 = buyers are taking control

When the ratio dips this low, history shows accumulation phases tend to follow — signaling more investors moving BTC onto exchanges to buy, not sell.

📈 Historical Context:

Similar dips in early 2023 and late 2024 preceded strong upward moves in Bitcoin’s price.

CryptoOnchain suggests this consolidation is a sign of underlying strength, potentially setting up BTC for a medium-term surge if the pattern repeats.

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