Why Bitcoin might be ready for a new all-time high

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Why Bitcoin might be ready for a new all-time high
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Bitcoin (BTC) price is showing a positive outlook despite recent stabilization at around $71,000.

Bitcoin whales have increased buying activity to the highest level in two months. Investors show no signs of FOMO despite BTC’s recent tussle with the $70,000 mark. US spot Bitcoin ETF s experienced a notable uptick in activity, reflecting growing market interest. Bitcoin price is showing a positive outlook despite recent stabilization at around $71,000.

BTC Total Whale Holdings and Monthly Percentage Change chart According to CryptoQuant data for Bitcoin ETFs, Historical Bitcoin Holdings Trend shows a historical overview of the total amount of Bitcoin held by all ETF issuers combined. Increases or decreases in the aggregated Bitcoin holdings of ETFs may indicate shifts in institutional demand for Bitcoin exposure or changes in investment strategies. US spot Bitcoin ETFs have also seen a significant uptick, with holdings increasing from 819.

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