QCP Capital Forecasts Bitcoin’s Price to Potentially Soar to $74,000

On-chain analysts observed that the selling pressure from short-term
investors
has eased. According to CryptoQuant, short-term Bitcoin investors are selling at almost zero profit, and investors have been depleting their unrealized profits in recent months. Additionally, Bitcoin balances on over-the-counter (OTC) desks are stabilizing, indicating a decrease in the supply of Bitcoin entering the market through these entities. For those unaware, CryptoQuant defines short-term investors as those who hold Bitcoin for less than 155 days and typically capitalize on short-term price movements.