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Whales Buy Back Bitcoin: Could this be a trap for other investors?

Whales have quickly bought back significant amounts of Bitcoin following a decline, with 675,000 BTC traded during the dip. Retail investors joined in, perceiving the dip as a chance to buy.

There has been a notable increase in bullish positions in the derivatives market, rising from 49.88% to 62.08%. This surge might signal potential profit-taking, presenting risks for other investors.

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