#BTCBreaksATH110K #DinnerWithTrump $BTC
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Bitcoin Enters Strongest Accumulation Phase Since January as Price Surges Past $110K
Bitcoin has broken through the $110,000 mark, entering what analysts are calling its most robust accumulation phase since January. Data from on-chain analytics firm reveals that wallets across all size categories are actively accumulating BTC, signaling widespread investor confidence in the asset’s long-term potential.
This broad-based accumulation, which includes both retail investors and institutional players, suggests that market participants are preparing for further upside. According to Glassnode’s metrics, this is the first time in months that every wallet cohort is simultaneously increasing their holdings.
Adding to the bullish sentiment, options markets are reflecting expectations of continued gains, with some contracts pricing in the possibility of Bitcoin reaching or exceeding $200,000 as early as June. The strong demand for call options indicates that traders are positioning themselves for a potential breakout.
The combination of aggressive accumulation and optimistic derivatives activity points to growing momentum in the crypto market. If current trends continue, Bitcoin could be on track for another historic rally in the coming months.
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