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📉 $BTC 's 1% market depth on major exchanges is down over 40% since Aug 1, from ~$150M to $86M as of Monday morning
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😱 $ETH traders today experienced one of the worst daily liquidations in their history - over $400 million This could be a sign of the bottom
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📊 The difference between $BTC short and long-term holders: - Short-term holders capitulated, some selling at a 20% loss - Long-term holders still spending at a profit
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📊 #IntoTheBlock : $BTC is showing minor signs of recovery. Here are some key levels to watch: Upside: Resistance is fairly distributed, but two levels with notable historic volume stand out: $55.5k and $60.5k Downside: Significant demand is concentrated below $50k, with strong support anticipated around $47.5k
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📊👀 $BTC Based on the Bitcoin MVRV Pricing Bands, Bitcoin needs to reclaim $54,000 as support to prevent a drop to $40,000. If the $54,000 support holds, the key resistance on the upside for BTC is $67,000.
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