Bitfinex Alpha | Bitcoin Prospects Positive, but Geopolitical Risk a Danger
In this new post 4th halving era for Bitcoin, on-chain dynamics are decidedly positive. Current on-chain data indicates that Bitcoin exchange outflows are reaching peaks not seen since January 2023, suggesting that many investors are moving their holdings to cold storage in anticipation of price increases. Meanwhile, the active selling by long-term holders has not precipitated the typical pre-halving price drop yet, indicating a robust absorption of this selling pressure by new market entrants.