demand has been on the rise for the majority of the time since its inception. This was evident from the rise in the number of addresses holding 1 BTC.
However, since BTC has a limited supply, the big players might as well choose to sell their holdings and earn a profit. BTC’s Fund Premium was red at press time, meaning that institutional investors were selling BTC. Its aSORP was also red, suggesting that more investors were selling at a profit.Nonetheless, buying sentiment around BTC was dominant, as its Exchange Netflow Total had declined, compared to the last seven-day average.
For instance, the MACD displayed the possibility of a bullish crossover. Its Relative Strength Index registered an uptick and was headed towards the neutral mark of 50.
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