For now, analysts are monitoring blockchain data, which points to continued upside for bitcoin. “Despite China’s crypto ban, it seems miners, including those who were in China, are holding BTC in mining wallets,” Ki Young Ju, CEO of CryptoQuant, wrote in a blogpost, referring to the decline in miner outflows, which tends to be a bullish price indicator.
Bitcoin Recovering Faster Than Equities as Buyers Remain Active — CoinDesk
