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๐Ÿš€ Bitcoin (BTC) is soaring past $60K, reaching the $67K zone, thanks to a lower-than-expected inflation rate in the US. ๐Ÿ“‰ BTC selling pressure is on the decline, as seen in short-term holder activity and OTC desk balances. The latter has been stable since late April, indicating less BTC supply from the market. ๐Ÿ” Demand for BTC hasn't quite picked up yet, but signs point to a potential surge from the spot Bitcoin ETF market and other investment funds. ๐Ÿ’ฐ Stablecoin liquidity growth is also on the rise, hinting at a possible uptick for BTC. ๐Ÿค” Do you think the market has bottomed out? Share your thoughts below! #Bitcoin #CryptoNews

๐Ÿš€ Bitcoin (BTC) is soaring past $60K, reaching the $67K zone, thanks to a lower-than-expected inflation rate in the US.

๐Ÿ“‰ BTC selling pressure is on the decline, as seen in short-term holder activity and OTC desk balances. The latter has been stable since late April, indicating less BTC supply from the market.

๐Ÿ” Demand for BTC hasn't quite picked up yet, but signs point to a potential surge from the spot Bitcoin ETF market and other investment funds.

๐Ÿ’ฐ Stablecoin liquidity growth is also on the rise, hinting at a possible uptick for BTC.

๐Ÿค” Do you think the market has bottomed out? Share your thoughts below! #Bitcoin #CryptoNews

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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