Tasmiya

06/17 06:14

Following a wave of selling pressure that pulled b

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Following a wave of selling pressure that pulled bitcoin ($BTC) below $60,000 two weeks ago, analysts have highlighted on-chain data that signals possible seller exhaustion, which is further substantiated by a reprieve in macroeconomic conditions. According to analysts at crypto exchange Bitfinex, the market is witnessing a transition into late-stage capitulation rather than a broader distribution phase. This translates to constant selling pressure among previous buyers of $BTC, like exchange-traded funds (ETFs) and treasury companies.

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