🔍 A few notes from analysts about the market:

📖In the last 30 days, approximately 160,000 BTC (visible demand) has been accumulated, accumulation addresses have increased positions by 50,000 BTC, and stocks on OTC platforms have decreased from 550,000 BTC in September 2021 to just 145,000 BTC today. Short-term and long-term demand indicators show no serious cause for concern, indicating sustained buyer interest.

📖In March and December 2024, the metric showed a value above 1.9, but is now forming lower peaks as holders actively sell coins and put pressure on the market. Each new price increase brings a smaller marginal premium to the base cost. Considering this and the expected two rate cuts from the Fed this year, the analyst predicts two more rallies in the current cycle before selling pressure exceeds demand and the market enters a correction phase.

📖The decline is associated with August seasonality and macroeconomic uncertainty following the revision of labor market data, reminiscent of last year's situation with the unexpected 50 basis point rate cut by the Fed. Matrixport predicts further weakness in risk assets before a steady recovery, taking into account the two expected rate cuts, with the first in September.

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