Bitcoin is showing positive signs as nearly 20,000 BTC have been withdrawn from Coinbase, worth approximately $1.87 billion. This indicates investor confidence in long-term storage, reducing immediate selling pressure on the exchange. 📈
Although BTC has seen a strong increase from below $70,000 to nearly $100,000, it still has not been able to surpass this level. However, the average profit index of active wallets over the past month has decreased to 4.2%, signaling a potential recovery ahead.
These moves indicate the growth potential of Bitcoin in the near future. 🚀