Renowned analyst Ali Martinez recently shared his views on Bitcoin and the broader cryptocurrency market.
Martinez emphasized that the ratio of the simple moving average in the ratio of ETH/BTC has surpassed 365, which he interprets as an early indicator of the upcoming altcoin season.
Nevertheless, the analyst stressed that the prices of leading cryptocurrencies tend to surge at the most unexpected times.
Continuing his analysis of Bitcoin, Martinez revealed that over the past four days, cryptocurrency exchanges have transferred 14,000 BTC, equivalent to approximately $85.1 billion.
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A billionaire stated that Bitcoin prices will not surge significantly
Expert
Renowned
, despite these large transfers, Bitcoin Kit made substantial purchases when prices were in a lower range, resulting in an increase in the BTC buy/sell ratio.
Furthermore, Martinez
pointed out
a resurgence among individual Bitcoin investors. The number of new BTC addresses created online has risen to 352,124, reaching the highest level since X month.
