The Bitcoin market is witnessing significant demand despite more than 60,000 BTC recently entering exchanges. Net outflows surged to a yearly high, with long-term holders seemingly unfazed by short-term traders taking profits.
Retail participation in futures trading is on the rise, while whales maintain their positions without significant selling. This calmness among whales suggests confidence, indicating we might be entering an accumulation phase before the next upward movement.
Leave a Reply