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🧠BITCOIN CONSOLIDATES AFTER 28% CORRECTION

🧠BITCOIN CONSOLIDATES AFTER 28% CORRECTION

Day: 10 | Time: 14:11:29 Bitcoin is currently going through a consolidation period in the high $50,000 range after experiencing a 28% correction from its all-time high. According to the Fear and Greed Index, Bitcoin is still in a state of fear, providing an opportunity for investors to buy at discounted prices. An important investor accumulated 48,429 BTC during the correction, holding onto their position despite unrealized losses of over $500 million. This demonstrates that even large investors are no more skilled than small investors.

Bitcoin: Bull Market Correction Drawdowns: (Source: Glassnode)
Crypto Fear and Greed Index: (Source: Coinglass)
Whale address: (Source: bitinfocharts)