Golden Finance reported that the CryptyQuant report indicated that Bitcoin whales increased their holdings of Bitcoin at a rate of 6.3% per month, the fastest rate since April 2023, indicating that the demand for Bitcoin is rising. CryptoQuant reported that it may take longer for Bitcoin prices to bottom out and start a new round of increases because the growth of stablecoin liquidity has not yet been fully launched. Stablecoin liquidity is a necessary condition for price increases.