#ArbitrageTradingStrategy and a shock approaching the presentation
Bitcoin has seen a significant increase of 10% this week, pushing its price to an all-time high (ATH). This upward 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 very optimistic
Short-term investors (STH) are showing strong optimism towards Bitcoin, as evidenced by their increasing accumulation behavior. Over the past month, the 'shrimp' group has added more than 19,300 Bitcoins to their holdings.
Meanwhile, Bitcoin miners have issued only 13,400 Bitcoins, indicating a significant gap between demand and supply.
The continued net absorption of STH, along with the decrease in new BTC issuances, suggests an adjustment on the supply side. This adjustment is a crucial factor in the price movement of the leading cryptocurrency.