Bitcoin is exhibiting signs of strength as more of the cryptocurrency leaves exchanges. This trend suggests an increase in accumulation, indicating that holders are moving their assets to private wallets, possibly foreseeing a price surge.
Additionally, there has been a rising demand for DeFi, which complements Bitcoin's potential upward momentum. The shift in supply dynamics and growing interest in decentralized finance are fueling bullish expectations.
The overall sentiment in the market appears optimistic, with factors aligning for a potential new high for Bitcoin. Investors are closely watching the market for indicators of sustained growth.