✅ The price of bitcoin continues to move based on global liquidity M2
And that only means one thing: at a minimum, a new high is on the horizon.
↗️ The absolute difference between the realized price of BTC for new whales ($91,900) and old ones ($32,200) is $59,700 (relative difference = 185%)
In short, new "whales" are entering the game at prices 185% higher on average than the previous cohort.
CryptoQuant interprets this increase in the difference as a sign of confidence and a growing sense of FOMO.
In comparison, in November 2022, the difference was 62%.
Following a successful weekend of talks between the USA 🇺🇸 and China 🇨🇳, the markets continue to rise!!
News will be announced tomorrow, May 12 👀👀
Is a new ATH for Bitcoin expected? 🤑🤑
