Bitcoin Review by CryptoQuant! “Those who are patient will become millionaires!”

BlackRock initiated by world giants, especially spot Bitcoin ETF rush and XRP victory Bitcoin and altcoinsled to rises.

With these rises BTC While seeing above $31,000, it dropped below $30,000 today.

While investors expect further rise in Bitcoin CryptoQuant The expected signal from analysts came.

UTXO Value Bands in Bitcoin Analysts reviewing said these bands are slowly waking up.

Stating that UTXO Value Bands show the behavior of whales separated by the amount of coins they hold, along with BTC’s price movements, analysts said that 1K-10K UTXO Value Bands show the trend.

Accordingly, analysts pointing out that the 1K-10K whale group has increased as in 2019. “This group of whales is slowly increasing with BTC price in 2023, just as it increased with BTC price in 2019.” said.

“1K-10K UTXO Value Bands are known as the most trend indicator according to their price, so we can have an idea about the investors participating in the market by watching their distribution according to the UTXO value change.

At this point, the UTXO value bands continue to increase.

If the UTXO Value Bands indicators rise gradually, we can be more confident that the price of BTC at the end of 2022 is a long-term bottom and that the price of BTC will continue to rise.

Also, like the 2017 and 2021 bull markets, the UTXO value bands are increasing, which means that there are new millionaires selling their BTC supply to rookies, i.e. new investors.

And soon we will be faced with another “birth of a new millionaire”.

If history repeats itself, you could become a millionaire in the near future with the price of BTC increasing.”

one/ #Bitcoin ‘UTXO Value Bands’ summarizes the behaviors of whales or retails separated by amount of coins they hold along with BTC’s price actions.

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— CryptoQuant.com (@cryptoquant_com) July 17, 2023

*Not investment advice.