🚨 FINALLY GREAT NEWS FOR CRYPTO HOLDERS 🚨

Crypto Market Poised for "Relief Rally" as Selling Pressure Eases

Following a tumultuous June, the crypto market may be due for a "relief rally," as signs suggest dwindling selling pressure on exchanges. Santiment, a crypto intelligence platform, notes that trader capitulation in June has led to optimism for July. Bitcoin (BTC) fell nearly 7% in June, hitting a low of $59,500, while the overall crypto market capitalization dropped by approximately $400 billion. However, analysts like Minkyu Woo observe a decrease in large Tether (USDT) outflows from exchanges since January last year, indicating waning selling pressure. While a relief rally may be on the horizon, potential challenges include the unlocking of $9 billion worth of BTC from the long-bankrupt exchange Mt. Gox, which could lead to selling pressure.

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