BTC balances of exchanges is this year's ATL.
It means that the BTC(Bitcoin) has been withdrawing from exchanges to individual wallets. I think it's a good signal for the crypto market. Someone said that the low liquidity of BTC orders is not good. Well, I don't agree this. The price of the BTC depends on demand and supply of people, institutions and BTC miners.
So, if there's huge demands such as approving spot BTC ETF(Exchange-Traded Fund)s, the low liquidity will make opportunities for investors. I'm still holding my view that the BTC price will surpass $48k within a few weeks. Honestly, the fluctuations make me difficult, but, I have to endure the volatility.
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
You've a solid point here tho I'm still doubtful BTC will hit $48k+ since records has it that Dec is always bad. Utilizing the Smart portfolio bot product of Bitget to my advantage while watching my ORDI bags.
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