BTC HODLERS IN THE RED: BIGGEST DIP IN 24 MONTHS

Bitcoin nosedives 16.5%, shaking up the market and leaving 83% of short-term hodlers in the red.

Onchain data shows unrealized losses for the majority of STHs, with pressure mounting below the $58k resistance zone.

Market structure remains strong, but volatility is down as BTC matures.

Can the bulls push past the 200-day EMA and break $59k?

Source: Coin-telegraph

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