The current trading price of Bitcoin (BTC) is very bullish, and at this stage people are nervous about the current buying support and panic levels as the trading price approaches its all-time high (ATH).
Bitcoin (BTC), the leading cryptocurrency asset by market capitalization, is currently trading at $67,700, very close to the last all-time high of the 2021 bull market.
Currently, the total trading volume of Bitcoin across all cryptocurrency exchanges is $1.33 trillion, with BTC market dominance at 52.84%. This in itself shows a high level of Bitcoin bullish sentiment situation among people.
Interestingly, 7.05% of Bitcoin addresses have held Bitcoin in the last 30 days. Apparently 7% of Bitcoin addresses are here because of bullish sentiment.
CoinShares reported last week that trading volume hit a record high of $30 billion.
According to CoinShares, total assets under management (AUM) has surpassed $80 billion and is approaching record levels. James Butterfill, head of research at CoinShares, highlighted this trend.
Many retail traders are scared at this stage as the trading price approaches the last ATH of $69,000. However, there is no need to worry because according to cryptocurrency analysts, Bitcoin’s trading price is expected to reach at least $100,000 during this upward phase. At the 1 million won price level, the risk of dump is enormous. So for now, just blindly enjoy the pump.
According to Titan of Crypto, well known among
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