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Market Cap$ 2.27T-0.11%
24h Spot Volume$ 15.39B+8.50%
DominanceBTC56.64%-0.11%ETH9.84%+0.17%
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Why Bitcoin’s Rising HODL Cohorts Are a Bearish Signal This Time


Why Bitcoin’s Rising HODL Cohorts Are a Bearish Signal This Time

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Bitcoin's price fell to $62,700, experiencing a 5% drop amid ongoing macroeconomic concerns. New data indicates BTC is in a defensive phase with capital leaving the network and aging supply, showing no signs of renewed accumulation.

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Bitcoin faced renewed sell pressure on Tuesday, briefly dragging the price down to $62,700 after a 5% decline, as macro concerns continued to weigh on investor sentiment.

New data suggest that BTC remains in a defensive phase as capital continues to exit the network and supply ages steadily without signs of renewed accumulation.

Read the article at CryptoPotato

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Coins

$ 64.35K

-0.25%

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$ 0.00164


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In This News

Coins

$ 64.35K

-0.25%

$ 0.0000979

$ 0.00164


Funds

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See what traders are focused on

View analytics →
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