Bitcoin's price has risen above $27,000, but there are concerns about the sustainability of this upward momentum as buying support weakens. Despite this, Michael Saylor believes that Bitcoin is a valuable asset in people's portfolios and has the potential to offer digital scarcity to the entire global population.
While the number of BTC wallet addresses holding one bitcoin or more has surpassed one million, the number of outputs that have been spent after being idle for one to two years has reached a 10-month low, indicating reduced market activity among long-term investors.
However, Bitcoin's price has increased by 2% on Monday, with several factors contributing to this upward movement.
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