1. Three days ago, when the Bitcoin price was at $65.5k, I informed you about the possibility that the price correction may be over because huge profits were realized, amounting to $2.7B.
2. On the other hand, the selling pressure weakened because short-term holders have stopped realizing losses on the price correction.
3. New USDT has been minted and as you can see, there is a strong correlation between the market cap of USDT and the price of Bitcoin.
4. Additionally, we can see huge BTC inflows to the accumulation addresses, and their reserves hit an all-time high.
5. There is one more important change in long-term investors' behavior. Distribution is weakening.
That's all in this thread 🧵, please 💙, repost 🔁, and leave a comment. 💬
Written by IT Tech