Bitcoin is now reportedly seeing renewed support from some of its largest holders, even though demand remained low. The world’s oldest digital currency has seen a lot of volatility in recent weeks and was down 24%.
The move indicates a disconnect between the risk appetite of large holders and the broader market demand, contributing to ongoing volatility in the price action. While the collective buying by big investors suggests confidence among a subset of market participants, it has not yet translated into a sustained upside or improved buying interest across the broader market. Looking ahead, observers will monitor whether the renewed support among major holders can help stabilize prices or spark a broader revival, particularly if demand conditions improve and liquidity returns to the market.
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