3 important recent EVENTS that

proves we are still SUPER BULLISH

1. Whales Accumulating

Glassnode's Trend Accumulation Chart shows that Bitcoin wallets with at least 100 $BTC started accumulating.

Glassnode's Realized Cap HODL Wave chart shows that 45% of the Bitcoins have not moved for the past 6 months.

2. Financial Data

PPI is lower than expected.

CPI is lower than expected.

Rate cutting is expected to happen in September.

3. Everyone Wants Bitcoin

Companies, financial institutions and retirement/wealth fund managers are buying more BITCOIN ETF or MICROSTRATEGY shares to gain exposure to BITCOIN.

Companies like Metaplanet, Semler Scientific, Marathon Digital and Microstrategy are taking out loans or selling debt offerings to raise money and BUY MORE BITCOIN.

#BullishReason #BTC #Bitcoin #Marketupdate #Whales $BTC $ETH