The continuous decline in Bitcoin’s #ExchangeReserve suggests that investors are transferring their holdings to private wallets rather than selling at the current market price, indicating a belief in potential future price increases. However, we need more participant of retail investors if the price goes beyond 100K. Despite the rapid increase in short-term holders (STH) holding Bitcoin for less than three months, this alone is insufficient to drive the market to its peak. For the market to reach new heights, a greater influx of retail investors is necessary.
Written by joohyun ryu
