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Bitcoin Holdings By Major Entities At 6M; Why Is BTC Still Below $100k?
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Bitcoin Holdings By Major Entities At 6M; Why Is BTC Still Below $100k?
Bitcoin held by major entities has surged in the past two years to nearly 6 million. The BTC/USD pair must rally beyond $99k to invalidate a selloff to $76k. Onchain data analysis shows some BTC whales have accelerated selloff YTD. The demand for Bitcoin (BTC) by institutional investors has surged exponentially in the past two years. The regulatory clarity in major jurisdictions, led by the United States, has increased institutional conviction i…
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