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🔻 Bitcoin drops below traders’ cost basis, raising concerns of a deeper sell-off. $BTC shed over 5.5% in the past week,…

🔻 Bitcoin drops below traders’ cost basis, raising concerns of a deeper sell-off.

$BTC shed over 5.5% in the past week, hitting a six-week low of $58,400. Analysts from Glassnode warn that this could lead to further declines and a longer recovery period.

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