🐳📈 Bitcoin is back on top! BTC price hit $65,000 for the first time since August, thanks to active accumulation of whales and sharks. Wallets with 10+ BTC have accumulated $4.08B over the past 6 months.
- MicroStrategy bought $458M worth of Bitcoin, increasing its holdings to 252,220 BTC.
- Institutional investors are also ramping up their purchases, with net inflows of $600M in a month.
- Factors: interest rate cuts, money supply growth, and stimulus from the Chinese government.
Technical indicators are improving, but BTC needs to break the upper boundary of the downtrend to confirm the bullish trend.
What do you think about this? Leave your comments! 💬