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🚀 Attention crypto-enthusiasts! It appears that Bitcoin (BTC) hoarders are starting to sell their coins for the first time since the first quarter of 2023, according to data from Glassnode. Although this might seem bearish, historically these wallets have spent long periods accumulating discounted coins and only begin selling at the start of parabolic uptrends. Furthermore, the broader accumulation trend since mid-2018 remains in place.
The launch of Bitcoin ETFs in the US in January has impacted supply dynamics, with some analysts suggesting that demand for ETFs could drive the price of BTC to $100,000 by October 2024. 😲
What do you think of this news? Do you think we will see a six-figure BTC in the next few years? Share your thoughts in the comments! 💬
The launch of Bitcoin ETFs in the US in January has impacted supply dynamics, with some analysts suggesting that demand for ETFs could drive the price of BTC to $100,000 by October 2024. 😲
What do you think of this news? Do you think we will see a six-figure BTC in the next few years? Share your thoughts in the comments! 💬
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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