Bitcoin's price has slightly retreated after hitting a new all-time high of over $126,000, as profit-taking activities emerge. Despite this, the cryptocurrency's broader uptrend remains intact, supported by strong holder activity and institutional interest. Currently, Bitcoin is trading at $122,151, marking a 0.38% increase over the past day.
Glassnode reports that spot Bitcoin ETFs have attracted over $2.2 billion in inflows within a week, while daily trading volumes have reached their highest levels since April. The $117,000 to $120,000 range has become a critical support zone, with 190,000 BTC transacted in this area, indicating robust market activity.
Bitcoin's Rally Pauses as Profit-Taking Emerges, Support Holds Firm
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