🔥The market gradually stabilized and rebounded strongly. Did you buy the bottom?
Cryptocurrency has gained a foothold after the recent market crash, and institutional investors are "buying on dips"
This week's plunge caused the cryptocurrency market to evaporate about $230 billion, and the prices of major assets fell to the lowest level in months. Retail investors wailed, but major institutions bought cryptocurrencies. Bitcoin has rebounded 15%+ since its lows
When will the big rebound come?
Dave the Wave, a trader who predicted the 2021 cryptocurrency crash, predicts that Bitcoin will usher in a "fourth quarter fireworks feast" Bitcoin's price "is currently hovering in a multi-month range", which makes it easy to "forget that it is also currently setting a record high" and "the current price was also first reached 3 years ago."
In addition,
In recent weeks, the outflow of Bitcoin from exchanges has steadily increased, reaching the largest outflow of Bitcoin since 2023 throughout July, a trend that is generally regarded as a bullish trend. The reduction in BTC exchange supply means that if demand is maintained or grows, the price of cryptocurrencies may rise.
Coupled with the fact that several US presidential candidates have publicly expressed their support for the crypto market, the future is still worth looking forward to. Don't give up and build positions in high-quality spot stocks at low prices!
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