Currencies38131
Market Cap$ 2.27T+1.53%
24h Spot Volume$ 32.72B+0.39%
DominanceBTC56.39%+0.25%ETH9.49%+1.53%
ETH Gas0.15 Gwei
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Bitcoin’s Next Bull Run Depends on This Single On-Chain Indicator


Bitcoin’s Next Bull Run Depends on This Single On-Chain Indicator

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AI Overview

The cryptocurrency market is experiencing subdued activity with Bitcoin losing over 1% in the last 24 hours. Current data indicates that BTC's strongest rallies typically follow the absorption of unrealized losses by long-term investors and the exhaustion of selling pressure.

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The cryptocurrency market remained subdued amidst short-term nerves, mixed signals, and no clear direction. Bitcoin also showed limited conviction and was visibly under pressure after shedding over 1% of its value in the last 24 hours.

Data shows BTC’s strongest rallies start only after long-term investors absorb unrealized losses and selling pressure fully exhausts itself.

Read the article at CryptoPotato

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$ 64.12K

+1.60%

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In This News

Coins

$ 64.12K

+1.60%

Predictions Markets

See what traders are focused on

View analytics →
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Share:

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Bitcoin’s short-term holders remain 15% underwater—but selling pressure is easing

Bitcoin’s short-term holders remain 15% underwater—but selling pressure is easing

A reclaim of the $71k level would be a notable confirmation of a bullish pivot.
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