Yello, ParadiseClub Members! 😎 Is Now the best time to accumulate Bitcoin? Well, behind the scenes, there’s a big story unfolding. Let’s dig into what’s really happening:
💎Over the last three months, while Bitcoin’s price might not have been making headlines, something big has been happening. Big and small investors have been scooping up Bitcoin and moving it off exchanges. The total balance of Bitcoin held on exchanges has plummeted by 170,000 BTC recently and the pace has picked up over the last few weeks. As investors continue to accumulate Bitcoin let’s see what it means for you.
💎Here’s the insight from our ParadiseTeam’s Professional Traders: This accumulation pattern isn’t random. It signals that investors are expecting prices to rise much higher. They’re not just holding; they’re strategically increasing their stakes and preparing for a significant upward movement. Adding to this bullish scenario, the funding rate on exchanges has gone negative. While that might sound bad, it’s actually good for Bitcoin. So, be ready for the next leg up soon.
Stay sharp, focused, patient, and disciplined Paradisers🥂
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