The Bitcoin bull market has quietly begun, and the current data is surprisingly similar to the market conditions in 2020.
In the past few months, on-chain data has clearly shown that whales have been continuously accumulating Bitcoin.
At that time, many people were skeptical of this data, but now its validity has slowly become apparent.
After the halving, mining costs have doubled, and to ensure miners' profitability, Bitcoin prices are bound to rise.
Meanwhile, a large number of traders are choosing to short Bitcoin, and this is very likely to leverage the power of short squeezes to propel the bull market forward. Official account: Yunzi Community, no waste, good skirt.
Based on the historical price trends following past halving cycles, Bitcoin's bull market often kicks off in the fourth quarter, and the whales will certainly not sit idly by while this stage of the market ends without any waves and fades away.
