Despite significant market volatility caused by Donald Trump's tariff wars, a group of long-term Bitcoin holders have been intensifying their accumulation of the cryptocurrency. These permanent holders, who never engage in spending transactions, have shown a strong conviction in Bitcoin's long-term prospects. Data from CryptoQuant indicates a spike in Bitcoin's Permanent Holder Demand, with BeInCrypto's assessment reflecting a surge in accumulation among long-term investors. This increase in demand, coupled with BTC's attempt to cross above its 20-day exponential moving average, suggests a potential shift toward an uptrend if sustained. However, if accumulation stalls, BTC could see a drop in price.
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