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via Decrypt · By Decrypt Editorial
Bitcoin Is Getting Closer to the Bottom, But Demand Is Falling: CryptoQuant
BTC
BTC/USDT
$72,478.00
+5.92%
$72,478.00
+5.92%
(24s)24h Volume
$36,678,328,584.48
24h H/L
$72,966.00 / $68,103.71
Change: $4,862.29 (7.14%)
Long/Short
51.4%
Long: 51.4%Short: 48.6%
Funding Rate
+0.0013%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(05:47 PM UTC)
1 min read
In brief
- Bitcoin moved closer to its realized price, or the average cost basis, for market participants last week as it fell below $60,000.
- The marker has typically been a key structural point for market bottoms, CryptoQuant said.
- However, demand is fading and not ready to support price growth, highlighted by significant outflows from Bitcoin ETFs.
As Bitcoin fell below $60,000 last week for…
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