Bitcoin and Ethereum are at the Center of Attention Again: Demand Explosion is Coming!

Buying pressure specifically for Bitcoin and Ethereum has started to increase again.

CryptoQuant Research Manager Julio Moreno included Bitcoin and Ethereum in his X post dated June 5. He said that the purchasing demand for these two cryptocurrency projects has started to increase in an unprecedented way since March.

Stating that Bitcoin and Ethereum have literally shed the dead soil on them, Moreno noted that there has been a clear increase in the amount of Bitcoin and Ethereum owned by both long-term investors and whales.

Pointing to a demand explosion and supply shock, Moreno made the following statements in his statement:

Demand for Bitcoin and Ethereum is on track to accelerate again after the March-May slowdown.

Bitcoin balances of both long-term investors and whales are increasing faster.

Especially after the last Bitcoin halving, all eyes were on the supply and demand balance. The reward halvings of these investment instruments, which have a limited supply, further restrict the supply growth, and as the demand increases, just like today, the prices inevitably accelerate upwards.