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New Bitcoin Whales Emerge In Two Months – Institutional Demand Rising Again?

  • Bitcoin is trading around critical demand levels after losing key support at $81,000, leading to bearish momentum across the market.
  • Despite the market decline, recent data from Glassnode shows an increase of 76 new entities holding over 1,000 BTC, suggesting rising institutional demand.
  • Bitcoin is currently trading around $76,000, with the broader market feeling the impact of geopolitical tensions and economic uncertainty.
  • Bitcoin faces challenges in reclaiming lost ground and sparking a recovery rally, while smart money continues to accumulate during this period of weakness.

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