'Best thesis' for Bitcoin accumulation surfaces despite current downside risk: Analyst
Record-low Bitcoin RSI readings and whale accumulation highlight a generational buying opportunity, even as analysts still expect BTC to fall below $60,000.
Bitcoin’s (BTC) lowest-ever readings on the daily and two-week relative strength index (RSI) are coinciding with steady accumulation across several investor cohorts, strengthening what one analyst called the “best thesis” for buying BTC.
Onchain data shows wallets holding 1,000–10,000 BTC added more than 53,000 BTC over the past 60 days, while smaller retail investors also increased their holdings.
MN Capital founder Michael van de Poppe highlighted Bitcoin’s historically weak momentum readings as a potential long-term opportunity.
Read more
