Bitcoin’s permanent holders have ramped up their accumulation, showcasing robust faith in the asset’s future. Compared to earlier market cycles, a lower percentage of holders are selling, fostering a bullish sentiment as BTC gears up to challenge its all-time high.
As of February 11, 2025, BTC is trading at 98,022 USD, just below the critical 20-day EMA mark of 98,995 USD. A break above this level may lead to significant upward momentum, potentially propelling BTC to surpass its previous all-time high of 109,356 USD.
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