Notice how every peak withdrawal has signaled an uptrend in the market, and that’s for good reason. When people are worried about the price action, they’ll pull out and hold. And you know what happen when demand goes up and supply goes into lock? Price follows up. I think this is the next phase we are coming too soon.
Withdrawals have always been associated with an uptick, and an uptrend. When people take their Bitcoins back into their cold wallets, you know that they are waiting on something big. And it’s a coming.
Furthermore, all the developments outside of Bitcoin have had a positive impact on it as well. Such as the work put into the Metaverse that has brought in many brand names into the blockchain with suku and has resulted in peak interest in all things crypto and Meta. Or even the evolution of the Ethereum blockchain and network and the switching from proof of work to the long awaited proof of stake.
Bitcoin is going to have a good year in 2022, you can take this from here. There’s been a swell of good news on the horizon and it’s only ever increasing in number and positivity. When massive global powers consider using Bitcoin to trade, you know it’s no longer an online game for us. It has become a world power.
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