đ Bitcoin's party is in full swing! đ As we eagerly await the Bitcoin halving event, the crypto market is buzzing like a beehive in spring. According to a Glassnode report, the current euphoria mirrors the 2021 bull run, hinting at a possible price surge. đ°
BTC's spot trading volume has skyrocketed since the launch of spot Bitcoin ETFs in the U.S. in January. The daily inflow and outflow from exchanges are at a whopping $8.19 billion, higher than the 2021 peak.
New investors are joining the Bitcoin bandwagon, with the share of wealth held by coins younger than 6 months rising to 47% from 20% at the start of 2023.
However, don't pop the champagne just yet! đŸ The chances of a sustained bullish rally remain low due to profit-taking. But hey, who doesn't love a good rollercoaster ride, right? đą
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