⭐⭐Bitcoin Whales Accelerated Purchases, But Bull May Be Delayed For This Reason! ⭐⭐

According to CryptoQuant analysts, long-term holders of Bitcoin are increasing their holdings of Bitcoin at the fastest monthly increase rate since April 2023.

According to the report published by CryptoQuant, Bitcoin whales have been expanding their holdings recently, with a monthly increase of 6.3%. It is stated that this increase shows that the demand for Bitcoin has increased. In addition, the report emphasizes that although the Bitcoins seized by the German and US governments increased the market supply, long-term investors increased their Bitcoin savings.

However, analysts warn that the bull market may be delayed and state that this may be an early sign that Bitcoin prices may approach their bottom levels. However, it is stated that stablecoin liquidity is not yet fully effective and especially the USDT (Tether) market value is slowing down. Although it is reminded that Bitcoin generally rises with the increase in stablecoin liquidity, the report emphasizes that these conditions have not yet been fully realized and this may either delay or weaken the Bitcoin price rally.

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