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Bitcoin Market Boom: What’s Behind the $108,542 Price and HODLing Shift?

  • Bitcoin's price surged to $108,542, a 2.51% increase in 24 hours, sparking investor optimism and a focus on HODLing for long-term value.
  • The market cap of Bitcoin has reached $2.13 trillion, with a $400 billion increase in Realized Cap, solidifying BTC as a growing asset class in the financial system.
  • Despite high unrealized gains in Bitcoin, investors are holding back from realizing profits, with Long-Term Holders reaching a new high of 14.7 million BTC, indicating confidence in BTC's future.
  • Investors are not rushing to cash in on their BTC investments despite its high price, with HODLing becoming a popular strategy and signs of optimism regarding Bitcoin's long-term value.

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