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Back Crypto-currencies
Another risk of profit-taking in crypto market
Given that Bitcoin has fallen several
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Given that Bitcoin has fallen several times from the $75,000–$76,000 area, it is possible the situation will repeat. Clearly, as the price approaches that level, there are far fewer buyers and more holders willing to take profits. According to CryptoQuant data, there has been a significant inflow of bitcoins to exchanges, which may signal holders' readiness to realize short-term gains. This spike in activity could indicate an intention to sell part of their holdings in response to the recent price rise. The
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Jakub Novak,
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