" #BTC shows signs of rising ahead of the Fed's policy change" As the possibility of a shift in the Fed's monetary policy increases, there may be a preference for risk assets. In particular, an unexpected drop in employment indicators raises the likelihood that the Fed will revert to easing policies, which could positively impact assets like Bitcoin. In the latter half of June, the amount of Bitcoin withdrawn from exchanges reached its highest level of the year, with some days seeing over 10,000 BTC leaving. This indicates that investors are moving their assets from exchanges to personal wallets or cold storage. Continuous outflows suggest a reduction in selling pressure and an accumulation of capital, a pattern often seen when expectations for monetary easing grow. While the price of Bitcoin has consistently remained above $100,000, miners are showing a cautious attitude and not mass-selling their coins. This reflects confidence that prices will remain stable and expectations for a more accommodating financial environment. Since mid-June, the supply ratio of USDC and USDT on exchanges has been steadily decreasing. This means that capital is not being directly injected into the spot market but is accumulating on exchanges. Investors are likely waiting on the sidelines for clear market signals. by: @NovaqueResearch View original [Sign up for a free CryptoQuant membership] By signing up through the link, you will receive a +$39 credit, one month of free advanced tier after card registration, and an additional +$15 credit, so we encourage your participation!