🚀 Holders Believe in Bitcoin Growth
Over the course of 3 months, BTC has been consolidating in the range of $60-72 thousand, which is classic price behavior, after active growth of more than 200%, however, the latest data indicates the active accumulation of BTC by long-term investors.
🐙 Glassnode reports that at the end of May, 50,000 BTC were withdrawn from Kraken alone, worth $3.44 billion. Also, according to Glassnode, the activity ratio showed an impressive drop from 9% to -3%, indicating a trend towards long-term storage of BTC.
🔼 Today BTC broke through $70 thousand, at the moment the price is trading below this level, as investors are looking forward to labor market data , which will be published on 06/07.
