Despite a recent price dip, Bitcoin showcases robust demand. While some traders express concern over the movement of 1,000 dormant BTC, valued at 114 million USD, long-term holders continue to accumulate more. This suggests a prevailing bullish sentiment in the market.
Key indicators reflect ongoing strong demand, with around 160,000 BTC accumulated in the past month. Accumulator wallets also added approximately 50,000 BTC during this time. Overall, while caution exists, the market’s conviction appears largely bullish.
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