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Watch out for these signs, as Bitcoin’s price continues to rise
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While the market seems to be rather excited about Bitcoin’s price breaking through the $60,000 level, the price has been unable to break ahead of the $62.6K barrier. After three days of teasing the market with the hope of a new ATH, the king coin still oscillated at $61,774 at the time of writing. Ego, it was better to be cautiously optimistic than blindly optimistic.
Regardless of price, which seemed to be consolidating at press time, on-chain activity was indicating macro shifts that haven’t been spotted before. The 2021 bull run saw BTC’s illiquid supply increasing which meant that there are more Bitcoins being held in personal address wallets rather than exchange wallets
Additionally, with exchange balances at the lowest and spent coins
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