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Experts suggest Bitcoin’s sell-off hints at a potential rally soon

Profit-taking by long-term holders dropped significantly: In just three weeks, profit-taking by Bitcoin’s long-term holders plummeted from 10,000,000,000 USD to 3,000,000,000 USD. This suggests the holders are optimizing their positions for future price gains as selling pressure eases.

Market signals point toward potential upward Movement: Analysts indicate a balanced market with neither overwhelming buying nor selling pressure. The 90-day market versus realized price gradient shows neutrality, implying that Bitcoin’s price could see upward Movement as conditions stabilize.

Caution urged amid weakening demand indicators: Recent observations from Coinbase reveal a decline in Bitcoin’s price premium, signaling possible weak demand from U.S. Investors. Traders advise cautious investment strategies while anticipating Bitcoin may undergo fluctuations ahead of a significant breakout.

This is community-generated content, not advice from ONUS.
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