๐ Bitcoin's been playing it cool since the halving, but things might be heating up! ๐ก๏ธ CryptoQuant spotted a big jump in stablecoins hitting the market, often a sign of BTC price moves.
๐ Despite a slowdown after the ETF hype, Bitcoin's showing signs of life thanks to increased liquidity. More stablecoins = more volatility, and that could mean big things for Bitcoin's price.
๐ฐ This week, BTC had its biggest single-day jump in two months, hitting $66,400. QCP Capital thinks this bullish momentum could see BTC retesting its previous highs of around $74,000.
๐ฎ Big buyers are betting on BTC, with a surge in 100-120k BTC Calls for December 2024. Plus, major asset managers like Millenium and Schonfeld are putting their money where their mouth is, investing 3% and 2% of their AUM into the spot Bitcoin ETF.
๐ค So, is Bitcoin ready to soar again? Let's chat in the comments! #Bitcoin #CryptoNews