Bitcoin’s price surged by 10% to 108,200 USD, showing strong market activity. Analysts suggest that if Bitcoin breaks above 110,000 USD, it could pave the way for a rise towards 165,000 USD, reflecting significant bullish sentiment.
The exchange flows for Bitcoin have dropped to their lowest levels in a decade, indicating that investors are increasingly holding BTC for the long term. This trend might contribute to a liquidity shortage, further driving prices upwards.
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