todayonchain.com

Bitcoin Long-Term Holders Ramp Up 330,000 BTC as the Next Big Resistance Sits at $84K

Cointelegraph
Bitcoin reached $81,300 as long-term holders accumulated 330,000 BTC, supported by strong institutional ETF inflows and bullish technical indicators.

Summary

Bitcoin recently hit an intraday high of $81,300, driven by significant accumulation from long-term holders who added 331,000 BTC over the past month. This bullish momentum is further bolstered by $1.18 billion in net inflows into spot Bitcoin ETFs over three days. Analysts suggest that if the current resistance at $84,000 is cleared, technical patterns indicate a potential rally toward $94,800.

(Source:Cointelegraph)