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.