What's up, my lovely people! 👋 This thing is more exciting than an 8 o'clock soap opera, so get ready!
It turns out that Bitcoin has been like a roller coaster 🎢, going up and down between $100,000 and $110,000. Many thought this was a sign of trouble, but no way! According to those in the know, the truth is that the market is absorbing sales quickly, like a sponge! 🤯
And who is selling? Well, the medium and long-term holders (LTH), that is, the people who bought Bitcoin a while ago and are now seeing a fat paycheck. Imagine, those who held coins for 3 to 5 years pocketed $849 million, those who held for 7 to 10 years took out $485 million, and those who held for 1 to 2 years didn't fall behind with $445 million. Now that's making money! 💰🤑
A CryptoQuant analyst named Yonsei Dent calmed our anxiety and said this is the most normal thing in the world in a rising market. It's like when you're dancing salsa and you switch from one step to another, that's how Bitcoin is! 💃🕺 The market is in 'absorb and move on' mode, which means demand is strong and people still want their Bitcoin. That's how it's done! 💪
Additionally, there's a fact that makes us dream: historically, July is a booming month for Bitcoin! 🚀 Since 2013, July has averaged a gain of 7.56%, and even had a spike of 24.03% in 2020! So, if history repeats itself, this month we could see Bitcoin break the barrier of $112,000 and who knows, maybe even reach $140,000 or $150,000! 🚀💫 Just imagine that!
So, my people, stay very alert because it seems that Bitcoin is getting ready for a big party in July. Don't sleep on it! 😉$BTC
