359,000 BTC Turns Long-Term As Market Swallows New Supply

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BTC Supply Shake-Up: Long-Term Holders Increase, New Buyers Step In Above $92K

This is a positive market signal indicating that holders are confident in Bitcoins long-term prospects. By opting against selling, holders are strengthening the underlying market demand, providing a solid foundation for future price rallies.

as prices climbed. Importantly, short-term holders have effectively absorbed this new supply, signaling strong demand in the Bitcoin market.

Bitcoin Price Overview

The next resistance lies at $96,000, moving past which could pave the way for a further price rise to around $100,000. However, a price rejection could force a return to around $92,000, effectively creating a range-bound movement.

BTC trading at $94,503 on the daily chart |

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