Bitcoin hits $104,517.99 with 0.89% growth.
Long-term holders boost buying activity.
Market sees potential supply squeeze.
Confidence rises among seasoned investors.
Bitcoin surged to $104,517.99, marking a 0.89% increase in the last 24 hours. Data highlights a significant uptick in long-term holder activity, with investors holding coins over 155 days actively acquiring assets. This buying trend signals strong market confidence.
Bitcoin Price Climbs Amidst Active Buying
Bitcoin’s value rose to $104,517.99, reflecting a 0.89% gain. The cryptocurrency’s price movement coincides with heightened activity from long-term holders. These investors are aggressively adding to their positions, bolstering market stability.
Long-Term Holders Drive Market Momentum
Recent data shows a sharp rise in the long-term holder net position change. Investors with over 155 days of ownership are purchasing Bitcoin at an unprecedented rate. This accumulation suggests a strategic shift, reducing available supply and potentially setting the stage for future gains.
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