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Bitcoin (BTCUSD) Records High Holder Conviction Amidst Persistent Demand Shortfall

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The Story

News Summary

  • Bitcoin reached a record 15.8 million long-term holders despite a 9% price correction since early May.
  • While deep conviction among holders provides a solid price floor, the lack of new institutional demand and whale accumulation suggests the market requires more buyers to spark a sustainable recovery.
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BTCUSD price history

77717.33 +13.80% over the displayed period

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