Bitcoin Onchain Data Show Bullish Undercurrents

Bullish bitcoin undercurrents lurk below the boringly calm crypto waters, setting the stage for a potential outsized price rally.

"Price is set at the margin, which means those who trade Bitcoin back and forth drive short-term price action. As supply-side illiquidity continues to increase, as indicated by fewer supply exchanging hands, any demand catalyst will send the price skyrocketing," Blockware Solutions said in an email.

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