Bitcoin has stayed above $60,000 for the past two weeks, contributing to growing optimism in the broader crypto market. This stability is seen as a positive sign by traders and investors.
Key data from CryptoQuant reveals that short-term holders are selling Bitcoin for profit, which has led to a significant decrease in BTC supply by 1.31 million.
This reduction in available BTC is interpreted as a sign of increasing confidence among investors, as they capitalize on the current price stability.
