Crypto Rover, a trader and analyst, believes that Bitcoin (BTC) is on the verge of a breakout due to the formation of a parallel wedge on its 3-day chart. However, this may only provide short-term relief instead of a sustained rally.
Despite this, data from Santiment shows that investors have been rapidly buying and withdrawing their coins from crypto exchanges, resulting in BTC's circulating supply on exchanges being at its lowest level since December 2017.
This decline can be attributed to ETH holders staking their coins instead of keeping them on exchanges to secure long-term profits. For those interested in investing in crypto presale projects for 2023, we have compiled an updated list of potential options.
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