The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing.
According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving.
The firm identifies illiquid, or investor-held Bitcoin, as “wallets that send less than 25% of Bitcoin…
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