Increase consumption for Bitcoin; Is price growth coming?
Analysis of the platform and information from the Petoquant platform have identified an increase in the market for Bitcoin by large investors and holders.
This issue can lead to positive digital currencies.
According to CryptoQuant's weekly report, markets are assessing that the momentum Bitcoin is using is needed for a sustained price rally, and may soon see a surge in prices.
On the other hand, the selling profit from the Bitcoin owners has decreased and the realized margin is around 3%.Also, the recovery of inflows into the US Bitcoin exchange-traded fund (ETF) market indicates increased demand for Bitcoin. These funds have seen hundreds of millions of dollars in inflows since early May, and their total assets have increased from 819,000 on May 1 to more than 859,000.
