<ul><li>Bitcoin's short-term holders (STHs) are selling for profit, leading to a decrease in BTC supply.</li><li>Fewer Bitcoins are circulating among STHs, indicating growing confidence in BTC's long-term potential.</li><li>This decrease in supply has sparked optimism among traders, hoping for a surge in BTC prices.</li><li>Bitcoin's key level to watch is $70,000, breaking through which could confirm an upward trajectory.</li></ul>

Bitcoin STHs Supply Decreases By 1.31M BTC – A Sign Of Growing Confidence?

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