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BTC/USD: Double Bottom Forms as Long-Term Holders Start Buying
Bitcoin price stabilized around the $60,000 level as ETF outflows continued and as investors anticipated more selling by Michael Saylor’s Strategy. The BTC/USD pair also remained under pressure after the Federal Reserve Chair gave a more hawkish outlook. Bitcoin Price Pressured Amid ETF Outflows and Strategy Sales The BTC/USD pair remained under pressure as data showed that American investors continued to sell their Bitcoin holdings last month. They dumped assets worth over $4.2 billion, the worst monthly performance on record. This happened as investors continued moving towards the booming stock market. More ... (full story)
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From fxstreet.com | 5 hr ago
Long-term Bitcoin (BTC) investors have begun absorbing supply despite persistent negative flows from US spot BTC exchange-traded funds (ETFs), according to a report by Glassnode on Wednesday. The firm stated that long-term holders (LTHs) have shifted back into net accumulation after months of distribution, signaling renewed confidence as Bitcoin trades near ...
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