Positive $BTC price dynamics against strong economic data
The positive dynamics of the Bitcoin price are taking place amidst a rebound in US consumer confidence and a fall in inflation. Bitcoin has reached a new year-to-date high due to a massive buying wall, a shift in the futures markets, and the cancellation of short positions. However, there is still downside risk to consider. HODLers dominate the market, with 70% of all Bitcoin supply untouched for a year.