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via Decrypt · By Decrypt Editorial
Bitcoin Is Getting Closer to the Bottom, But Demand Is Falling: CryptoQuant
BTC
BTC/USDT
$63,315.13
+1.75%
$63,315.13
+1.75%
(24s)24h Volume
$15,378,215,527.87
24h H/L
$63,500.00 / $61,705.29
Change: $1,794.71 (2.91%)
Long/Short
60.8%
Long: 60.8%Short: 39.2%
Funding Rate
+0.0048%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(05:47 PM UTC)
1 min read
1388 views
0 commentsIn 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…
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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