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Bitcoin price might drop more, based on these on-chain metrics
Bitcoin price witnessed a severe drawdown this past week that led to the crypto market noting billions in liquidations. Since then, the general investor sentiment has turned negative, which is a good sign for the cryptocurrency as it ascertains the market is ready for a bullish reversal. Bitcoin shorts remain open despite hints of recovery: Bitcoin price hit a low of $26,000 last week, and since the crypto market is primarily driven by investors’ sentiment, it is critical to observe the shift in order to gain an idea of what lies ahead. According to Santient’s analysis, at present, the market is observing a lack ... (full story)