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Bitcoin News: Massive Accumulation by Long-Term Holders Could Send BTC to $85K

  • Bitcoin has seen a 12% recovery in the past 3 days, igniting bullish sentiment among long-term holders.
  • A positive shift in Long-Term Holder Net Position suggests renewed market conviction and potential for a BTC rally.
  • Bitcoin whales are accumulating BTC, with many holding positions of 155 days or more.
  • Optimism is high for Bitcoin's price to surpass $85,000, with a positive funding rate and increased demand.

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