🚀 Bitcoin continues to increase in price, moving towards the $50,000 mark! However, according to chain intelligence platform Intotheblock, BTC needs to overcome a significant hurdle from over 800,000 addresses that have accumulated around 270,000 BTC at an average price of $48,491.

- BTC crossed the $49,000 mark for the first time in nearly 2 years, causing these holders to turn a profit.

- Another expert believes that BTC may experience a short-term price correction before continuing to increase.

- Bitcoin's price increase has been accompanied by an increase in investment demand for Bitcoin instant exchange traded ETFs in the US.

🐋 Over the past three weeks, Bitcoin whales have purchased 140,000 BTC, worth approximately $6.16 billion, showing confidence in the asset's long-term potential.

- Bitcoin's price increase beyond the $47,000 mark is also very important, as the market is at a "turning point" and could enter a strong bull cycle.