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=20This has been a known fact for some time but it is nice that it is being brought up to light once again, the new institutional investors getting into bitcoin are not interested in bitcoin as a trading asset, they want to hold it for the long term and this is completely understandable.
They are seeing that governments are still printing money, exercising useless measures to combat the pandemic and in the case of the US government it is going to raise the taxes they need to pay, so they are thinking on ways to protect themselves and what can be better than an asset that cannot be confiscated and that is a store of value and has a hard limit on the number of coins that will ever exist?