Glassnode's data shows that both long-term (LTH) holders and short-term (STH) holders show confidence in Bitcoin. LTH has accumulated more than 250,000 BTC, while STH has added about 25,000 BTC in the last week. The inflow of bitcoin ETFs accelerated, and enterprise-grade bitcoin reserves continued to grow. Technical analysis shows that $99,000 is an area of potential profit-taking, and the market is focused on a price breakout and continuation of the uptrend.

BTC-0.64%
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