Bitcoin continues to exhibit surprising strength, maintaining robust demand even as prices hover around $117,000. Glassnode, a leading on-chain analytics firm, reported on X that approximately 73,000 BTC have been purchased at this price level. Their analysis suggests significant buying pressure is absorbing potential downward movements. This indicates strong conviction among investors willing to accumulate Bitcoin at these higher price points. While the broader market remains volatile, this sustained demand provides a crucial support level for Bitcoin. The ongoing accumulation may signal anticipation of further price appreciation. Analysts are watching closely to see if this trend will continue and what impact it may have on future market movements. ```

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