🟡According to analysts from Fidelity’s Digital Assets division, the NUPL indicator signals that Bitcoin is transitioning from the “belief and denial” stage into the phase of “optimism and anxiety.” Despite a recent 20% price decline, experts consider the drop moderate — especially in the context of past crashes of up to 80%. Bitcoin’s key fundamentals remain strong, indicating continued accumulation of the asset.
🟡Since the beginning of 2023, the number of wallets holding more than $1,000 worth of Bitcoin has increased by 108%, reaching 11 million. This points to sustained interest from both retail investors and institutional players. However, forecasting price movements remains difficult due to macroeconomic influences and potential shifts in Federal Reserve policy. Amid these dynamics, the U.S. is striving to lead the global race for the accumulation of digital gold.