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via Cointelegraph · By Cointelegraph Staff
Bitcoin Can Still Go Lower as Supply Metric Prints First 'Buy' Signal in 4 Years
BTC
BTC/USDT
$62,756.25
+0.37%
$62,756.25
+0.37%
(24s)24h Volume
$8,726,663,938.14
24h H/L
$63,461.99 / $62,436.59
Change: $1,025.40 (1.64%)
Long/Short
61.7%
Long: 61.7%Short: 38.3%
Funding Rate
+0.0042%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(11:34 AM UTC)
1 min read
852 views
0 commentsBitcoin (BTC) has added another bear-market bottom signal this month as analysis draws comparisons to November 2022.
Key points:
- Bitcoin adds to its list of bear-market bottom signals with a key supply ratio "buy" trigger.
- A bear-market floor could still be some time off, analysis says, with supply held at a loss still relatively low.
- Demand is the missing piece of the puzzle to shore up a bullish…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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