$BNB is imminent as the shock of the offer approaches

Bitcoin has seen a notable increase of 10% this week, pushing its price to a new all-time high (ATH). This bullish momentum indicates positive expectations for the cryptocurrency, as investors continue to show strong demand for it.

Bitcoin (BTC) is once again on track to record new price highs, driven by its increasing popularity and investor confidence.

Bitcoin investors are extremely optimistic

Short-term holders (STH) are showing strong optimism towards Bitcoin, as evidenced by their increasing accumulation behavior. Over the past month, the 'shrimp' group added more than 19,300 Bitcoins to their holdings.

Meanwhile, Bitcoin miners have only issued 13,400 Bitcoins, indicating a significant disparity between demand and supply.

The continued net absorption of STH, along with the decline in new BTC issuance, suggests an adjustment on the supply side. This adjustment is a crucial factor in the price movement of the leading cryptocurrency.