Bitcoin clears $120K as onchain data points to a new BTC accumulation phase

Bitcoin cleared the $120,000 level for the first time since August as long-term selling cools and short-term holders stabilize, hinting at a fresh accumulation phase.

Key takeaways:

Bitcoin clears the $120,000 hurdle as long-term holder selling pressure eases.

Short-term holders are absorbing losses, signaling market stabilization.

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