The supply of Bitcoin on exchanges has decreased while the supply held outside of exchanges has increased, which is seen as a bullish sign for the cryptocurrency. The decrease in exchange supply eases selling pressure and could drive prices higher. A strategic Bitcoin reserve proposed by U.S. President Donald Trump could solidify demand for Bitcoin. Institutional adoption and the rollout of Layer 2 protocols on the Bitcoin blockchain could also drive demand for the cryptocurrency. The decreasing number of non-empty wallets on the Bitcoin blockchain suggests a potential capitulation and supports a bullish outlook for Bitcoin in 2025. Traders are expecting some upside but with capped potential for Bitcoin. Technical analysis suggests a bullish trend for Bitcoin in the near and long term, with a possible re-test of the all-time high.



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