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Bitcoin Rebound Faces Profit-Taking Pressure After 37% Gain

2026-05-10 06:39:53

Abstract generation in progress

CryptoQuant and Enflux said Bitcoin’s rebound faces selling pressure after Bitcoin rose 37% from its April low and then slipped below $80,000. CryptoQuant pointed to profit-taking by short-term holders, while Enflux said risk-on sentiment tied to President Donald Trump’s suspension of military action related to the Strait of Hormuz may not last.

BTC0.64%

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