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Bitcoin hodling rate reaches 9-month high, boosting hopes of 'bull flag' rally to $70K

The blockchain data analytics service revealed on Oct. 28 that the total amount of “hodled or lost coins” reached a nine-month high of over 7.21 million BTC. In simple terms, the Bitcoin metric reflected an increase in out-of-circulation tokens — those that may have been stored in cold wallets by long-term holders or lost due to human errors, with little chance of recovery.

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Source: Cryptocurrency - investing.com

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