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Glassnode Weekly Report Stable funds flowing in, market in a volatile state

Glassnode releases a weekly report on BTC on-chain data, and with the increase in realized market value, Bitcoin is changing hands at a higher…

LK Venture Research Report | Why We Are Still Bullish on BTC Performance in the Second Half of the Year? # Introduction In this research report, we will discuss why we are still optimistic about the performance of BTC in the second half of the year. ## BTC Market Overview BTC has experienced a volatile market in the first half of the year, with a sharp decline in April followed by a slow recovery in May and June. However, despite the volatility, BTC has maintained a relatively stable price range between $30,000 and $40,000. ## Factors Driving BTC Performance ### Macro Environment The global macro environment, including inflation concerns and the ongoing COVID-19 pandemic, has increased the demand for BTC as a hedge against economic uncertainty. As central banks continue to print money, investors are seeking alternative investments to protect their wealth. ### Institutional Adoption Institutional adoption of BTC has continued to increase, with major corporations and financial institutions investing in BTC or providing BTC-related services. This trend is expected to continue and further drive the demand for BTC. ### Technical Analysis BTC has experienced a significant correction in the first half of the year, but it has also shown signs of recovery. The current price range provides a strong support level, and technical indicators suggest that BTC is oversold and due for a rebound. # Conclusion Based on the above factors, we believe that BTC will continue to perform well in the second half of the year. While there may be some short-term volatility, we remain bullish on BTC’s long-term prospects.

Introduction: Looking ahead to the second half of the year, despite the uncertainty in the macro environment, BTC is expected to have a chance…

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