In the bitcoin futures market, leveraged funds on the Chicago Mercantile Exchange raised their bets against bitcoin rising to a record high in the week ended Oct.
The chart below shows significant accumulation of bitcoin around mid-September during a pullback in BTC’s price.
The last time the Bitcoin network locked in a major upgrade, in July 2017, the cryptocurrency’s price jumped almost 50% through Aug.
BTC’s price has already doubled this year and hit a new all-time high near $67,000 last week.
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