#TradingStrategyMistakes and the shock of the offer is approaching
Bitcoin has seen a significant increase of 10% this week, driving 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 again on the verge of recording new price records, fueled by its increasing popularity and investor confidence.
Bitcoin investors are extremely 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 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 issuances, indicates a shift on the supply side. This adjustment is a critical factor in the price movement of the leading cryptocurrency.