đ Bitcoin's $60K Battle: Is Now the Perfect Time to Buy?
Bitcoin is currently grappling with the $60,000 mark, showing a 10% dip this week. While this might seem concerning, thereâs a silver lining that savvy investors should consider:
Bitcoinâs exchange reserves are hitting new lows for the year.
đ Why This Matters:
- Dwindling Exchange Reserves:
Fewer bitcoins on exchanges mean reduced selling pressure. More investors are choosing self-custody, moving their BTC to cold wallets, signaling strong long-term confidence.
- Long-Term Holders on the Rise:
In the past 30 days, long-term holders have added 262,000 BTC to their supply, now controlling a massive 75% of the total Bitcoin supply. This shows a market increasingly dominated by those waiting for future price surges.
- Potential Market Rebound:
The current low hash price, a key indicator of miner profitability, suggests that Bitcoin may be near its price bottom, historically marking a strategic buying opportunity.
đĄ With reduced liquidity and strong conviction among holders, the market could be primed for a bullish turnaround. If you're considering entering the Bitcoin market, this could be your chance to invest before the next surge.
đ Consider Buying Bitcoin Now and position yourself for potential gains as the market stabilizes and climbs.