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Bitcoin recovers $85,000 as whale and retail buying expands

Bitcoin has regained $85,000 and is showing its most pronounced accumulation trend since 2023, with exchange outflows and moves to self-custody wallets rising to their highest levels since then. Market sentiment has tilted toward accumulation as bitcoin moved back above its 365-day average. Binance saw the clearest shift, with reserves falling. Exchange holdings neared a record low as smaller wallets and mid-sized “shark” wallets also increased buying.