Bitcoin continues to show signs of upward movement, potentially targeting 94,500 USD. A prominent accumulation address purchased 48,575 BTC, igniting speculation of a robust market rally.
The overall market sentiment remains positive, with high buying volumes in both institutional and derivatives sectors. Current buying activity is greater than selling, indicating growing confidence among traders.
Bitcoin’s hashrate is on the rise, reflecting increased miner confidence in network security. Analysts suggest this could stimulate future price growth, potentially increasing Bitcoin’s market cap significantly.
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