This may indicate that more investors are looking to buy and hold Bitcoin, rather than sell it for profit. BTC Reserves on Exchanges: A Sign of Market Sentiment CryptoQuant's data shows that BTC reserves on exchanges have been decreasing since January, indicating that investors were holding onto their BTC rather than trading it on exchanges. However, the recent uptick in reserves suggests a shift in market sentiment, with more investors moving their BTC to exchanges for potential selling opportunities. This could indicate that some investors are taking profits after the recent price surge. Impact of US Stimulus Package on Bitcoin Price The recent approval of a $1.9 trillion USD stimulus package in the United States has caused some speculation on its potential impact on Bitcoin's price. As the US dollar continues to weaken due to inflation concerns, many investors are turning to Bitcoin as a hedge against inflation. This could potentially drive up de...
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