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Bit428

07/08 00:46

Bitcoin holds above $100K despite low volume:

Bitcoin holds above $100K despite low volume: 2 signs point to more upside

The volume of BTC on Spot and Futures dropped as retail stayed quiet.Lennox-2-768x432.png

  • The total Spot and Futures volume of Bitcoin dropped by more than $36 Billion.
  • Retail transferred BTC to larger wallets, hinting at quiet accumulation from whales.

Bitcoin [BTC] was trading at $108K as of press time, with price attempting to breach the $110K level. Despite this consistent stay above the $100K, BTC faced mixed developments concerning its future price movements.

As price stayed up, volume, a key factor in trading was drying up.

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