Will Bitcoin reach $40,000 this month? 💫
According to CryptoQuant's study, more than $1 billion in BTC was removed from exchanges in the previous week, indicating that sharks and whales tend to keep long-term.
If the weekly candle closes above 38k, Bitcoin is up 7 weeks in a row, the longest streak since 2023.
Data by Glassnode also shows that, since November 17, more over 37K #Bitcoin ($1.4B) have been taken from exchanges.
According to Bloomberg, the #Bitcoin ETF could be approved between January 8th and 10th, 2024.
It appears like a little bull run is on the way.
#BinanceTournament #BTC #Near #ETH