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Bitcoin (BTC) rallied to $69,482 on Friday, and the rally coincided with data showing steady accumulation from smaller-sized holders in February.
Analysts say the breakout may evolve into a broader bullish trend, although other data suggests that a longer period of price consolidation will underlie the emerging bull trend.
Key takeaways:
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BTC broke above the $69,000 resistance and its descending channel, triggering $92 million in short liquidations within four hours.
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Small wallets added $613 million in…
