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BTC price analysis: Bitcoin absorbed $200 million profit-taking at $80,000
BTC
BTC/USDT
$59,936.86
-1.50%
$59,936.86
-1.50%
(24s)24h Volume
$34,027,486,918.84
24h H/L
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
Long/Short
70.2%
Long: 70.2%Short: 29.8%
Funding Rate
-0.0003%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(12:56 PM UTC)
1 min read
980 views
0 commentsBitcoin absorbed $200 million profit-taking at $80,000 in a bullish sign for BTC
Net realized profits hit a one-month high of $207.56 million Sunday as bitcoin crossed $80,000 for the first time since January, with the price holding above the breakout level into Tuesday despite the heavy sell-side flow.
Bitcoin bears likely consider $80,000 as an area to take profits around, but onchain data…
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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