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Crypto News Aggregator by EXCAVO
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#Matrixport
believe the downtrend in
$BTC
is broken
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BTC
54,501.99
-6.53%
97
0
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📊 $BTC 's brief visit below $50K coincided with the largest week of volume (~$99B thus far) since the November, 2022 FTX collapse. And due to the bullish trader sentiment just prior to this crash, average returns of BTC wallets active in the past 30 days fell to 26-month lows.
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💸 Realized losses in the last 48 hours have totaled over $850 million in $BTC , all from short-term holders
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🤔 $BTC #CryptoQuant : If someone tells you that Bitcoin is a bubble, show them this chart. The current Bitcoin Price to Earnings (P/E) Ratio is 1.9, with a peak cycle at 4, and a market bottom below 1. Examples of inflated multipliers: - NVIDIA P/E = 62 - Apple P/E = 34 - Meta P/E = 24
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📊👀 $BTC with new CME Gap at around $60K-$63K, overlapping previous
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📉🤔 Historically, August and September are the worst months for $BTC price performance, with average losses of -7.82% and -5.58%, respectively.
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