Long-term holders’ spending is at a two-week low, indicating strong accumulation despite market volatility. The RHODL Ratio suggests that LTHs maintain high conviction, which can lead to further gains for Bitcoin (BTC).
BTC has climbed steadily, recovering from a local low. If LTHs continue their buying trend, Bitcoin may reach 107,000 USD and eventually 109,457 USD, reducing selling pressure in the near future.
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