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Huseyn Mammadov
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In the first week of September, $1.78 trillion was wiped off #U.S. stock markets, impacting the crypto markets as well. #Bitcoin , in particular, saw a 10% decline due to volatility linked to stock market turbulence, and there was a $500 million liquidation. The rising uncertainty among investors led to the closure of leveraged positions in the market. However, analysts suggest that #Bitcoin $BTC is becoming increasingly resilient to such financial upheavals and could attract more investors in the long run. 📉💰 Despite fluctuations in traditional markets, digital assets continue to serve as an alternative. 🚀
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📉 On September 6th, spot #BitcoinETFs! saw a $170 million 🔴 outflow, $BTC While spot #EthereumETF 's experienced a $6 million 🔴 outflow. 📊 $ETH
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According to #Coinglass data, a total of $174 million in liquidations occurred in the futures market over the past 24 hours. • 77% of these liquidations, amounting to $134 million, came from Long positions 📉🔥 #CryptoMarketMoves
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$BTC #bitcoin☀️ price has dropped below $54,000! 📉💸
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I expect the current zone to act as support for #Bitcoin❗ . We might see another wick below the range, but as long as it doesn't close a daily candle under that level, my bias will remain positive. If there’s a move above $57,600, that’s when I’ll start considering entering a long position.$BTC
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