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Bitcoin briefly surpassed $87,000 today, marking a 3.3% gain amid growing bullish sentiment. Analysts highlight key on-chain metrics suggesting potential upward momentum, though short-term holders remain in unrealized losses.
- Bitcoin's open interest surged by $6B in two weeks, signaling growing trader confidence.
- Exchange inflows dropped, indicating reduced selling pressure and potential price stability.
- Short-term holders face unrealized losses with a $91K resistance level, while new investors are now profitable.
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