BTC enters accumulation phase for next rally

According to Bitfinex's weekly analyst report, “Bitfinex Alpha,” the correction in crypto markets is over and Bitcoin has entered an accumulation phase ahead of the next rally. “The market transition from sideways to accumulation is evident in the behavior of BTC exchange traded funds (ETFs) and the average trade size of Bitcoin and Ethereum. Currently, crypto investors continue to accumulate Bitcoin and Ethereum, with both BTC and ETH seeing a noticeable increase in new accumulation addresses over the past month. In addition, during the recent correction, Grayscale's GBTC has seen 15 consecutive days of inflows into the ETF despite significant outflows, buying more than four times the daily supply of Bitcoin mining. This shows that investor sentiment remains bullish.”