Most ‘organic’ Bitcoin pump in years — trader explains why a blow-off top is unlikely

Despite Bitcoin’s (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons.

The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and data showing that investors already took profit.

Bitcoin is moving from exchanges to individual wallets

According to the data from Glassnode, a large amount of Bitcoin has been moving out of centralized exchanges in late…


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