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CryptoStar

07/16 06:13

Bitcoin’s bull run is still intact, led by institu

Bitcoin’s bull run is still intact, led by institutions with retail yet to jump in, signaling more upside ahead.

Bitcoin’s [BTC] bull run might feel like it’s topping out. After opening at $119,720, BTC dipped 2.25% intraday, printing its longest red daily candle of the month.

But it wasn’t panic selling. Glassnode data shows investors locked in $3.5 billion in realized profits. Notably, this marked one of the biggest spikes this year, with over half of that coming from long-term holders.

According to AMBCrypto, this divergence matters. In fact, it could be the very factor that shapes how the next leg of Bitcoin’s bull run unfolds as we head deeper into Q3.
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