IF YOU'RE WORRIED ABOUT $BTC PRICE ACTION, READ THIS:

🔻 BTC's Downtrend:

- Since topping at $74K in March, BTC has been on a downtrend.

- Alts are down 50%-80% from their Q1 highs.

📉 Historical BTC Price Action:

- 2016: BTC went sideways for 161 days after halving.

- 2020: BTC went sideways for 175 days after halving.

- 2024: BTC has been going sideways for 119 days so far.

But, there are bullish signs many aren't noticing! 👇

📈 BTC Supply is Shrinking:

- Since July, ETFs and accumulation addresses have bought 450,000 BTC.

- Bitcoin supply on exchanges is at its lowest level in 6 years.

- Bitcoin long-term holders' accumulation is at its highest level in 15 months.

- 45% of BTC supply hasn't moved in 6 months.

🚨 Upcoming Supply Crunch Indicators:

- MicroStrategy is buying $2B worth of BTC.

- Marathon is buying $300M worth of BTC.

- BlackRock and other financial institutions are continuously accumulating.

💡 What About Demand?

- Demand will pick up by Q4 with major events:

- FED rate cuts begin.

- Global QE starts, avoiding a global recession risk.

- Russia’s international trade with crypto begins.

- FASB rule implementation will allow $3T+ of corporate cash to be invested into BTC.

🚀 All these factors could lead to a parabolic run for BTC!

I gathered this information to guide you. Your vote means a lot!

#LowestCPI2021 #bitcoinhalvingn

#Write2Earn!

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.