Investors Continue Buying Bitcoin on Correction
Despite the fall of the first cryptocurrency to $116,000, traders continue to increase their positions.
The Coinbase Premium indicator is in the positive zone, which symbolizes high demand from investors in the United States.
The movement of stablecoins also indicates a bullish mood. An influx of $3.88 billion in USDC has been recorded on trading platforms since the recent drawdown.
Major players continue to demonstrate their confidence in the asset's prospects and increase their reserves at any price, accordingly, thanks to this, we will probably see more than one ATH update for the asset.
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