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NaikoN999
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✴️
#LINK🔥🔥🔥
#whales
#crypto
Whales sharply increase
$LINK
purchases during correction — Santiment data.
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#btc #Bitcoin #crypto 🌡 Here's what's happening with $BTC and the crypto market! The price of $BTC has fallen by 16% from recent peaks, and the capitalization of the entire crypto market has fallen by 12%. The reasons may be related to the general overheating of the US economy, expectations that the Fed will not lower rates, as well as concerns about the return of inflation and possible negative data on the producer price index. Analysts believe that such a correction is not a reason to panic. According to CryptoQuant, in past cycles, drawdowns reached 26%, but the market invariably recovered. Santiment notes that trading volumes have fallen to support levels, which may indicate an imminent market recovery. Renowned analyst Axel Bitblaze recalled that the January corrections of $BTC after the halving are a historical trend. For example, in 2017, the price fell by 30%, and in 2021 by 25%, but after that, the market again showed confident growth. Analyst Crypto Rover added that such fluctuations are often observed at the beginning of the month, followed by recovery.
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