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BTC

Bitcoin Price Correction Risk Rising as Long-Term Holders Sell

The potential for a correction is increasing. Data from Glassnode indicates that long-term Bitcoin holders are gradually selling off their holdings. Without a new catalyst for growth, the likelihood of a local price correction is rising. Critical support levels to watch are $103,700 and $95,600.
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AI Analysis

The current market situation points to an increasing risk of a price correction for Bitcoin. Long-term holders, often considered investors with strong conviction, are beginning to liquidate their posi...

AI Recommendation

Given the signs of increasing correction risk, it would be prudent for investors to exercise caution. Those holding long positions should consider tightening stop-loss levels or temporarily reducing e...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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