The total BTC balance on exchanges continuously decreasing since 2020. This shows that investors are withdrawing and storing their BTC in hardware and cold wallets. They are accumulating BTC for long term. Less BTC on exchanges means less selling pressure.
The same pattern is find after the 2016 halving and we see a long bull run until Dec 2017.
We are still far away from the bull run top. Hold some BTC for long term.
There are rumours that Facebook holding Bitcoin. The news is covered by Fox Business. Facebook may announce the buying or holding if BTC anytime and that will pump BTC. Everyone wants to get their hands on BTC, we are too early. HODL and enjoy the bull run.
https://twitter.com/DocumentingBTC/status/1387444415120265222?s=20If you want to trade with a 1.000.000 USD budget, you need a lower BTC balance one the exchange now, compared with 2019 when the exchange rate was lower.