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<ol> 
 <li>Bitcoin is trading sideways and is barely able to hold the $29,000 mark.</li> 
 <li>Regardless, PlanB believes that BTC is now at the early stage of an impending bull market.</li> 
 <li>Whales continue to accumulate bitcoins and are taking off their BTC from exchanges.</li> 
</ol> 
<p>Despite Bitcoin (BTC) continuing to trade sideways at barely $29,000 in the last couple of days, the highly-contested stock-to-flow (S2F) model of PlanB is showing that the crypto market may now be in the early stage of a bull run.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is in stage-1 early bull market (blue).<br>Of course BlackRock wants to buy cheap, just before ETF approval, and just before stage-2 full blown bull market. <a href="https://t.co/rmR1PN2wJG" rel="noopener noreferrer nofollow">pic.twitter.com/rmR1PN2wJG</a></p>— PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1683807027171139586?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2023</a> 
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<p>According to PlanB, the reason that Bitcoin is experiencing heavy volatility is that institutional players like BlackRock are intentionally dragging the price down to accumulate BTC at cheaper levels.&nbsp;</p> 
<p>Once BlackRock has accumulated enough BTC, then the “full-blown” bull market will begin, PlanB assured.</p> 
<p>Interestingly, PlanB’s sentiments are echoed by other crypto analysts and platforms. According to a separate post by crypto analytics firm CryptoRank, whales are withdrawing bitcoins from centralized exchanges (CEX) in droves. In fact, BTC held on exchanges is now down by 4.3% in the last 365 days.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> holdings on centralised exchanges continue to fall, down 4.3% year-to-date (YTD). Investors are accumulating <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> and are unwilling to sell at current market prices.<br><br>Security issues also trigger withdrawals from CEXs. Regulatory uncertainty, lawsuits against leading… <a href="https://t.co/pO3iVNZW0n" rel="noopener noreferrer nofollow">pic.twitter.com/pO3iVNZW0n</a></p>— CryptoRank Platform (@CryptoRank_io) <a href="https://twitter.com/CryptoRank_io/status/1683800835040346113?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2023</a> 
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<p>PlanB also alleged that BlackRock referencing the market movement from his S2F model — that some other analysts contest — is not absurd. He then proceeded to <a href="https://twitter.com/100trillionUSD/status/1683812237352247299" rel="noopener noreferrer nofollow">cite a couple of investment giants</a> that acknowledge his model. Some of these include Grayscale, VanEck, and Fidelity Investments.&nbsp;</p> 
<p>Bitcoin’s movement has been very volatile in the last 7 days. Currently, BTC is barely able to keep its footing at $29,100 but last Sunday, it was able to regain the $30,000 mark briefly before falling again into the clutches of the bears at the $29,500 mark.&nbsp;</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also :</h4> 
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 <li><a href="https://cryptonewsland.com/planb-drops-pearls-of-wisdom-how-to-be-a-millionaire/" rel="noopener noreferrer nofollow">PlanB Drops Pearls of Wisdom: How to be a Millionaire</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-btc-continues-to-rally-slowly-and-steadily/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Continues to Rally, Slowly and Steadily</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-analyst-predicts-bitcoin-btc-to-flow-soon/" rel="noopener noreferrer nofollow">Crypto Analyst Predicts Bitcoin (BTC) to Flow Soon</a></li> 
 <li><a href="https://cryptonewsland.com/btc-hash-ribbon-model-fail-for-the-first-time/" rel="noopener noreferrer nofollow">BTC – Hash Ribbon Model Fail for the First Time</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-security-alert-trezor-wallet-supply-chain-attack/" rel="noopener noreferrer nofollow">Beware of Hardware Wallet Scams: A Case of Trezor Model T Fraud</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/planbs-s2f-model-shows-bitcoin-in-early-bull-stage-as-whales-buy-more-btc/">PlanB’s S2F Model Shows Bitcoin in Early Bull Stage as Whales Buy More BTC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

PlanB’s S2F Model Shows Bitcoin in Early Bull Stage as Whales Buy More BTC

Crypto News Land

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