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☎️ BITCOIN TRADERS FACE LOSSES

☎️ BITCOIN TRADERS FACE LOSSES

Day: 10 | Time: 23:58:24 According to Glassnode data, 83% of short-term Bitcoin traders have recorded losses after the deepest correction since 2022. Despite this, Glassnode's analysis notes that this correction is less severe compared to previous cycles, thanks to a solid market structure and reduced volatility. However, the pressure on short-term holders has increased, with 83% of the supplies held by them experiencing losses. The price of Bitcoin needs to surpass the $58,000 resistance to return to a bullish trend.

Bitcoin price performance
Bitcoin STHs supply plunges into loss
BTC/daily chart
Source: Daan Crypto Trades
Bitcoin liquidation heat map

Source: Cointelegraph