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via Cointelegraph · By Cointelegraph Staff
Bitcoin Dip Marks Distribution But BTC May Avoid New Bottom
BTC
BTC/USDT
$84,286.00
-0.06%
$84,286.00
-0.06%
(24s)24h Volume
$15,185,145,507.35
24h H/L
$85,255.00 / $83,183.00
Change: $2,072.00 (2.49%)
Long/Short
58.3%
Long: 58.3%Short: 41.7%
Funding Rate
+0.0008%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(08:42 PM UTC)
1 min read
Bitcoin's drop below $73,000 on Wednesday marks a short-term turning point for the market, as multiple BTC distribution signals point toward rising sell-side pressure.
While the increasing chance of a correction into the $60,000 to $70,000 range remains in play, long-term holder data points to improving investor sentiment, suggesting that traders view the current price as a buying…
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