Recent data from CryptoQuant, an analytics firm, reveals that over half of the Bitcoin supply remains dormant. This implies that the Bitcoins in these wallets have not been transacted or transferred, indicating a strong and unwavering long-term confidence among holders. The static nature of these holdings suggests a steadfast belief in the future value of Bitcoin, potentially driving further price appreciation. Despite recent hacking incidents like the Mt. Gox and DMM hacks, the overall sentiment towards Bitcoin remains positive. QCP Capital, a Singapore-based entity, observed heightened trading activities and maintained an optimistic stance within the market even amidst negative news. Noteworthy gains were seen in tokens such as the dog-themed FLOKI and Ethena's ENA tokens, both with market caps exceeding $1 billion, appreciating by over 10%. The market outlook remains favorable, with anticipations surrounding potential cryptocurrency ETF approvals. While the market awaits further advancements, the overall sentiment remains bullish, hinting at promising growth prospects for Bitcoin and other major digital assets. Please note that this content does not constitute investment advice.