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Short-Term Bitcoin Holders Are Realizing Their Largest Losses On Record; Most Oversold Since 2018 Collapse
Short-Term Bitcoin Holders Are Realizing Their Largest Losses On Record; Most Oversold Since 2018 Collapse
After this week's bloodbath...
Bitcoin is now flashing its most oversold signal since 2018, raising the odds of a relief rebound toward $70,000 in the coming weeks.
The extremely oversold reading followed a roughly 30% decline in BTC over the past month, as geopolitical risks, higher oil prices, fading hopes for a 2026 Federal Reserve rate cut, and panic over Strategy’s latest Bitcoin sale weighed on sentiment.
In addition, there was some online chatter seems to speculate that retail investors may be selling crypto to...
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via Reuters
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