#BTC Market Update ⚡️
1️⃣ BTC computing power has almost doubled in the past 12 months 📈 But due to the increase in BTC prices, block sizes have also increased, which also increases mining difficulty. This may bring pressure on miners to sell🚨
2️⃣BTC whale activity hit a new high in the past 20 months, with institutions and big whales hoarding large amounts of BTC👀
3️⃣Grayscale is still selling GBTC reserves since the launch of the ETF
4️⃣Traditional banks are interested in BTC ETF, but the policies of SEC and FED are not friendly
5️⃣The increase in stablecoin supply indicates that liquidity is increasing, and Bitcoin futures open interest remains high 📈
6️⃣Fear and Greed Index shows “extreme greed”
