๐ฅ Great Optimism: Long-term Bitcoin holders now control 14.4 million $BTC, a new record! ๐
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๐ Record Level of Confidence:
The amount of Bitcoin ($BTC) controlled by long-term holders has reached an unprecedented level, totaling 14.4 million coins.
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๐ก A Sign of Growing Conviction:
This record indicates an increasing conviction among seasoned investors in the future of Bitcoin and their expectations for further price increases. This category of investors is less likely to sell during market fluctuations.
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๐ Importance:
This development is a very strong bullish indicator for the market, as it shows that an increasing amount of Bitcoin is held in strong hands that do not intend to sell in the near term. This reduces the available supply in the market and can contribute to driving prices higher as demand increases, enhancing market stability in the long term.
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๐ค Does this increasing control by long-term Bitcoin holders represent conclusive evidence of the beginning of a major bullish phase?
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