Bitcoin and Altcoin Market Update - August 11, 2022

The more things change, the more they stay the same

It’s good to be back. Funny how not much changed while I was gone!

On-chain behaviors, technical indicators, and other trends are pretty much telling the same story we’ve seen for a while now:

• Persistent accumulation among wallets that hold between $2,000 to $20 million worth of bitcoin.

• Sustained interest in crypto investment products (paper crypto not b…