Bitcoin: China is taking blind shots but they are meeting the target

With October starting off on a bang-on bearish outbreak, Bitcoin dropped down to $10,380 from $10,940 in a gap of 12 hours. While the recovery has been commendable at press time, a prominent on-chain analyst suggested that there was more than what meets the eye in the Bitcoin space. In a tweet thread released by Cole Garner, the analyst indicated that Bitcoin addresses witnessed a major spike in the chart over last week. With volumes preceding the price during the period, he stated that the usual figure of 5-10k BTC addresses/day, peaked a new high at 22k addresses last week,…