June 27 (Cointime) - Bitcoin investors worldwide are facing a turbulent forecast as the digital currency approaches the critical threshold of $33,000. There is growing fear of a significant sell-off due to strategic maneuvers among regional trading entities and fluctuations in demand and supply in the crypto market.
The landscape of Bitcoin trading continues to evolve, driven by fluctuations in market sentiment and shifts in the focus of global investors, with American investors leading the recent rally followed by their European and Asian counterparts.
The behavior of exchanges based on their geographical location provides an intriguing perspective, with offshore exchanges recording net inflows while onshore exchanges are witnessing net outflows. The flow of wealth from investors to 'HODLers' has created a pattern of growing illiquidity that is integral to all Bitcoin bull markets, but the key to sustained success lies in the new demand entering the market.
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