120K BTC Bought on the Dip as Bitcoin Price Hits $116K

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TL;DR Around 120,000 BTC were bought during the recovery from $112K to $114K, showing buyer interest. Long-term holders locked in $44 million profit during the price bounce, signaling cautious selling. US liquidity growth and rate cut expectations may support altcoins if current trends continue. Buyers Enter Near 112K Roughly 120,000 BTC were bought as Bitcoin recovered from $112,000 to $116,000, according to Glassnode. The buying came as the market rebounded, with traders taking advantage of th...