🚀 Bitcoin Update: Consolidation Phase Continues! 🚀

- Bitcoin (BTC) is trading at $62,540, slightly below this week's high of $64,500.

- BTC has corrected 15% from its yearly peak but shows potential for future gains.

- Bitcoin reserves on exchanges hit a year-to-date low of 2.34 million, signaling bullish sentiment.

- Major companies like MicroStrategy, Marathon Digital, Block, and Tesla are holding substantial BTC amounts.

- Smart money stablecoin holdings are at their lowest, indicating bullishness on crypto.

- BTC has support at the 200-day EMA but needs to break $64,500 to continue its uptrend.

What are your thoughts? Share in the comments! 💬