The dust has settled in the Middle East for now as the political posturing takes a back seat. Bitcoin prices have also settled a little from their roller-coaster ride over the past fortnight, but how closely related were the two events?
Bitcoin has spent the past day or so consolidating at the $8,600 level after a minor pullback on Sunday. Its epic 32% pump this month has been largely attributed to geopolitical tension in the Middle East as the safe haven narrative intensified.
On-chain analysis enables researchers to delve deeper into what has actually happened for the first three weeks of 2020.
Bitcoin Under The Hood
The CryptoQuant Team has released a research paper taking a deep dive into the analysis of bitcoin markets and trader behavior during recent events.
Looking at volume alone cannot determine whether people were purely…
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