Bitcoin has prematurely “surrendered,” and the market awaits Nvidia’s “performance.” | Bee Network
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Original translation: AididiaoJP, Foresight News Bitcoin is showing signs of weakness following its FOMC-induced rally. Long-term holders have realized profits of 3.4 million BTC, while ETF inflows have slowed. Amid pressure in spot and futures markets, the short-term holder cost base of $111,000 is a key support level, a break of which could expose the market to the risk of a deeper decline. summary Following the FOMC-driven rally, Bitcoin has entered a correction phase, showing signs of a “buy the rumor, sell the fact” market, with broader market structure pointing to weakening momentum. While an 8% drop is still relatively mild at this point, the $678 billion in realized market capitalization inflows and the 3.4 million BTC in profits realized by long-term holders highlight the unprecedented scale of this round…# Analysis# bitcoin# crypto# ethereum# Market# ToolPre
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- Original source: BitpushNews Before the market even awaited Nvidia