Of course, at this stage, more retail investors will rush in because of FOMO sentiment, because Bitcoin sees good upward momentum. We see that the number of Bitcoins available for trading on exchanges has been on a downward trend, falling to such a low level for the first time since 2019. The reduction in exchange supply means that more Bitcoin holders choose to transfer Bitcoin out of the exchange, indicating that they prefer to hold it for the long term rather than sell it.
We have also reported before that the illiquid Bitcoin supply has continued to increase since the end of the first half, while the liquidity supply has continued to decrease since then. Judging from these conditions, the long-term trend of Bitcoin has become more bullish.
In recent weeks, the increase in demand has also become obvious. Some analysts in the market believe that this may indicate that Bitcoin is about to start a real upward trend, especially the interest of new investors has picked up, and the increase in new demand has reached about 3%. More new investors are paying attention to Bitcoin.
