Bitcoin has stabilized near its all-time high of $111K, showing a 1% increase over the past month despite market volatility. Unlike the rapid profit-taking seen during the December 2024 surge, long-term holders are predominantly retaining their investments, with 14.7 million BTC remaining untouched, indicating a preference for holding rather than selling. Currently priced around $106K, the market dynamics reflect a cautious optimism supported by substantial institutional demand, as evidenced by $2.2 billion in net inflows to Bitcoin spot ETFs last week. However, increasing leveraged long positions raise concerns about potential price volatility. The market is described as being in a standoff between long-term holders unwilling to sell and short-term traders leveraging their positions. Meanwhile, Figma has disclosed a substantial investment in Bitcoin ETFs, highlighting the ongoing institutional interest in cryptocurrency markets. Overall, Bitcoin's resilience amidst geopolitical unrest reaffirms its position as a reliable store of value, even as market equilibrium remains fragile, poised for potential breakthrough movements in the future.

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