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Analysis: Bitcoin has entered a new accumulation phase influenced by factors such as the Fed's loosening expectations.
Odaily Planet Daily News Recently, after experiencing continuous selling pressure that led to a depressed price, the price of Bitcoin has rebounded as global risk sentiment improves, with signs indicating that the Fed may relax monetary policy later this year. Corporate entities continue to accumulate Bitcoin, with data from BitcoinTreasuries showing a 8.4% increase in holdings over the past 30 days, reaching 4.04 million BTC. Analyst Linh Tran stated that Bitcoin is in a reaccumulation phase after a short-term pullback, market sentiment is stabilizing, and institutional demand remains resilient, but caution is still needed. (CoinDesk)