The price of Bitcoin (BTC) has risen sharply since last weekend, reaching $67,000, although at the time of writing it was around $64,000. 📈 CryptoQuant analysts note that blockchain metrics indicate positive short-term momentum, but this may be unstable due to low growth in stablecoin liquidity and demand for Bitcoin.

BTC holders suffered losses of $2.5 billion in two days, which may indicate the capitulation of sellers. There has also been reduced selling pressure from major players such as the German government and Mt. Gox.

Although indicators indicate that the price of Bitcoin may have bottomed, faster growth in demand and liquidity for stablecoins is needed for significant growth. 💡