Bitcoin’s price soared to a record 109,699 USD, nearing the 110,000 USD mark. Recent trends show less selling from long-term holders, suggesting a stable investment environment as retail investors accumulated more than 25,600 BTC worth approximately 2.71 billion USD.
Market confidence is strengthening, especially among smaller investors labeled ‘Shrimps’ and ‘Crabs’. Their activity indicates a bullish sentiment, but Bitcoin needs to retain the support level at 105,000 USD to continue its upward trajectory.
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