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Crypto

H100 Drops $154M on 2,455 BTC as Institutional Demand Continues

Guavy AI Editorial Team
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BTC
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H100, an institutional investor, has made a significant purchase of Bitcoin. The firm acquired 2,455.37 BTC for $154.44 million at an average price of $62,900 per coin.

This acquisition brings H100's total holdings to 3,506.4 BTC, valued at $228.4 million with a cost basis of $78,399.

The current price of Bitcoin is $65,250.89, which is within the Bollinger band. The upper resistance level is at $65,380.75.

Technical indicators suggest that the price may experience a healthy retracement to the 50-EMA support at $64,573.88 before further continuation in this accumulation phase.

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