Bitcoin Active Supply Surges as Long-Term Holders Start Moving Assets

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By BitcoinWiki News

1. Summary: Market activity around Bitcoin has increased since the approval of spot Bitcoin ETFs by the SEC. Bitfinex’s report shows an increase in BTC in circulation and long-term investors holding onto more assets, leading to a price growth above $46k.

2. Brief Summary: The approval of spot Bitcoin ETFs by the SEC has led to increased market activity around Bitcoin, with a slight increase in the circulating supply of BTC. Long-term investors are holding onto more assets, causing a price growth above $46k. Bitcoin miners are also putting pressure on the price due to the need to upgrade mining equipment ahead of the upcoming halving.

3. Thought-Provoking Questions/Insights:
– How will the increase in BTC in circulation and the pressure from miners affect the future price of Bitcoin?
– What impact will the upcoming halving have on Bitcoin price movements and market activity?
– How do the approval of spot Bitcoin ETFs and the increase in VDD metric indicate changing sentiment among long-term holders and its influence on market behavior?

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