The price of Bitcoin has been stuck in a tight range for weeks, but a recent surge in decentralized finance (DeFi) lending and borrowing has sparked a new trend. As investors increasingly turn to DeFi for yield, Bitcoin's role as a store of value may be reevaluated. Watch for a potential breakout above $12,000 as momentum builds.

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This DeFi trend could be a game-changer for Bitcoin's store of value narrative. If institutions continue to participate in DeFi, we might see a shift in Bitcoin's perceived value proposition.