By Bitcoin $BTC

📉Finally, the decline in seller activity has begun, which can be seen in the activity of short-term BTC holders on the network and in balances on OTC markets.

🐹Short-term holders of $BTC are now at low or negative levels. The Hamsters are already faced with unrealized losses. History tells us that this coincided with a local price bottom.

📉The low profitability of miners can also hint at the bottom of the market. In addition, the poor BTC miners , they are extremely underpaid, and their profitability has dropped to the level of March 2020, when there was Covid.

💰Over the last 30 days, 21,700 BTC were bought through ETFs - 3 times more than the number of new coins mined by miners. Plus, BTC holdings on CEX exchanges have reached a new low since May 2021, which is again a good sign.

🚀Another positive thing is that in May, demand for BTC-ETF is expected from such giants as Apple, Google, Meta, Amazon, NVidia and Microsoft. but this is not certain) We will learn about purchases in August, during the reporting period, but most likely we will notice them earlier.

#Bitcoin #sec #binance #BTCETF #bullrun

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