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Which crypto holds the largest position in your portfolio?
Bitcoin
50%
Ethereum
0%
Solana
50%
Cardano
0%
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The market is in fear levels, which were last seen on Dec 14, 2022, when #Bitcoin was $17.8K. Despite negative news like Mt. Gox repayment, Germany selling Bitcoin, and miners capitulating, BTC is above $57K. Is the summer bottom in, or will we keep sliding? Share your thoughts👇
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📊 Bitcoin Supply in Profit stands at 80.6%. The last time we hit this level was Oct 19th, 2023. when BTC was $28.69K. With addresses in profit declining, so is the selling pressure.
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📉 Bitcoin addresses holding 1K-10K #BTC have shown a strong correlation with Bitcoin price movements. Since May 28th, these entities have offloaded some BTC. It’s crucial to monitor if this trend continues or if a decoupling occurs.
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Is Bitcoin's Dip a Buying Opportunity? Analyzing Key Metrics.
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