Will Bitcoin’s Q3 be favorable for investors?

📆 6/27/2023 1:35 PM
📰 CryptoAmb

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Bitcoin was trading well above the $30,000 mark, and if metrics are to be believed, things can get even better in the upcoming quarter.

As per Glassnode, the long-term holders supply remained near constant across the recent spot price increase.price could cross the $30,000 mark during its latest bull rally. Such a bull rally often results in an episode when investors sell their holdings as they earn profits.However, the case with BTC was different, as investors continued to accumulate. Higher accumulation is usually positive for a crypto.

, at the time of writing, the king coin was trading at $30,357.48 with a market capitalization of over $589 billion.A look at BTC’s on-chain metrics revealed that things could get even better in the coming quarter, as most metrics were bullish.’s binary CDD was green, suggesting that long-term holders’ movements in the last seven days were lower than the average. Its exchange reserve was also decreasing.A decline in the metrics means that the coin is not under selling pressure.

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