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Analysis: New market demand is absorbing Bitcoin seller pressure
Editor
2025-01-12 20:02 6,533
Golden Finance reports that Bitcoin is currently trading in the $94,174 range, stabilizing above the key support level of $92,000. A breakthrough of $95,000 may serve as a catalyst for a new round of bullish energy, potentially setting the stage for a move towards the psychologically important $100,000 level. Dollar levels pave the way. Glassnode data shows that BTC ownership trends are shifting. The percentage of BTC wealth held by new investors (coins less than three months old) is rising and currently accounts for 49.6% of network liquidity. This shift shows that mature investors have risen in the near future. The trend is strategically allocating its Bitcoin holdings, and new demand is stepping in to absorb seller pressure, providing a stabilizing force even as the market moves wildly.
Keywords: Bitcoin
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