Long-term Bitcoin holders are accumulating assets, indicating a shift in market momentum as short-term traders exit. This trend is supported by data from CryptoQuant.
Short-term holders are experiencing capitulation amid uncertainty, whereas long-term holders show positive Net Position Change for the first time since the last peak, suggesting a bullish sentiment.
A reduction in tensions in the US-China trade war has boosted Bitcoin’s price, with significant trading activity in the futures market demonstrating renewed confidence among traders.
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