Bitcoin’s HODL level has marked a two-year high, revealing robust support from long-term holders. Significant accumulation activity has been recorded among both mid and small Bitcoin holders.
BTC has hovered between 104,000 USD and 107,000 USD. Even with this price stagnation, long-term investors are growing more confident, indicated by a green Reserve Risk at 0.01.
With increased accumulation by large and small holders, market supply tightens, which could lead to upward price movements. This shift is crucial in positioning Bitcoin for potential recovery from its current consolidation.
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