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plunged to $29,000 on July 24, signaling that bears are attempting to grab management. It appears to be like just like the failure to carry on to the upper ranges might have tempted short-term bulls to e book income and aggressive bears to provoke quick positions.
Though the close to time period appears to be like bearish, long-term traders stay unfazed, they usually proceed to carry on to their positions. Glassnode knowledge exhibits that Bitcoin’s (BTC) long-term holder provide made a brand new excessive of 14.52 million Bitcoin, “equal to 75% of the circulating provide.”
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