On-chain data indicates that the amount of BTC held by long-term holders has reached a short-term low and is beginning to accumulate again. Historical data suggests that during periods of BTC price decline or slow growth, the supply held by long-term holders tends to accumulate. When BTC prices rise rapidly, long-term holders start distributing their holdings to make profits. When a new round of accumulation begins, BTC prices will rise again until the supply held by long-term holders reaches a short-term bottom, indicating that BTC has also reached a short-term peak at the current price.
The supply of long-term and short-term holders is defined based on the average purchase date of entities, with weights given by a logarithmic function centered on the age of 155 days and a transition width of 10 days.

Future BTC Trends: Industry Experts' Insights
Geoffrey Kendrick, Head of FX and Digital Asset Research at Standard Chartered Bank:
Geoffrey Kendrick, Head of FX and Digital Asset Research at Standard Chartered Bank, stated on Thursday, "As the U.S. election approaches, I expect Bitcoin to reach $100,000. If Trump wins, it will reach $150,000 by the end of the year. The Biden administration has shown pragmatism recently by approving an Ethereum spot ETF, but Biden later vetoed efforts to repeal SAB 121. Thus, Trump remains more favorable than Biden."
Jenny Johnson, CEO of Franklin Templeton:
Jenny Johnson, CEO of Franklin Templeton, believes that we are still in the early stages of the Bitcoin investment cycle, and large institutional funds have not yet fully deployed capital into this asset class. Johnson said, "This is indeed the first wave of early adopters, and I believe the next wave will be larger institutions."
Philip Swift, Founder of LookIntoBitcoin:
Philip Swift, founder of the on-chain data platform LookIntoBitcoin, shared his latest analysis on June 5, showing that global liquidity (M2) is approaching $100 trillion, which will be a favorable condition for Bitcoin's price increase in 2024.

Arthur Hayes, Founder of BitMEX:
Arthur Hayes, founder of BitMEX, published his latest article "Group of Fools," indicating that central banks around the world have begun to ease monetary policies. These policy changes by central banks will drive the cryptocurrency market out of the summer doldrums. Go long on Bitcoin, then go long on altcoins. It's time to redeploy excess dollar liquidity into altcoins. The crypto bull market is awakening.

Analysts at QCP Capital:
Analysts at the crypto asset trading company QCP Capital stated that the already released U.S. unemployment claims report and the upcoming CPI report next week could be the catalysts for Bitcoin to reach an all-time high. Additionally, the potential for interest rate cuts could further drive Bitcoin higher.

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According to a new blog post from the $BTC platform, Elon Musk’s X (formerly Twitter) is launching peer-to-peer payments this year. Indeed, the platform stated its work in 2023 “laid the groundwork for the global town square” to come to fruition in 2024. The development is a key part of realizing Musk’s vision for the social media platform. As stated in the blog post, the company is working to make X “the everything app, uniting experiences into one interface, for everyone.” Moreover, the launch of peer-to-peer payments is poised to be a crucial part of that growth plan. JUST IN: X to launch peer-to-peer payments this year. — Watcher.Guru (@WatcherGuru) January 9, 2024 Also Read: Musk Reveals Fading Focus on Crypto in Conversation with Cathie Wood X Announces Peer-to-Peer Payments Coming in 2024 Since his landmark $44 billion acquisition of Twitter last year, Elon Musk has worked to overhaul the platform. Building on its vast user base, the Tesla CEO has sought to enhance and expand the capabilities of the social media network. Subsequently, the coming year is set to bring that ultimate vision ever closer to fruition. In a recent blog post, Elon Musk’s X announced that it is set to introduce peer-to-peer payments to the platform this year. Specifically, the company listed the development as a foundational part of its plan moving forward. They stated that it will unlock “more user utility and new opportunities,” for users. Source – Fox Business Also Read: Elon Musk Planning to Start a New University in Austin, Texas The company did not offer specific details on the payment process or an expected date for launch. However, Musk has previously confirmed that he is seeking a mid-2024 launch date for the feature. In July, Musk stated the desire for X to encompass a user’s “entire financial world.” Subsequently, peer-to-peer payments are a massive step in that direction. Additionally, the post noted its continued use of artificial intelligence to help its functionality. Moreover, the post states that features like user advertising experience, and the See Similar Post feature will receive AI enhancements. Alongside these updates will be a greater investment in content creation, with a focus on “more original content” for the platform.#BTCETFS #BinanceSquareCreatorAwards $BTC