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THAT'S WHY BITCOIN CONTINUES TO EXPERIENCE DECLINES
More than 580,000 BTC were purchased between $72.9K and $76.6K.
Now the entire group is underwater.
As Bitcoin falls back to $72.9K, the total BTC supply experiencing losses has surged to 8.33 million BTC.
That means hundreds of thousands of holders are now trapped at the top and waiting to exit each time there is a rally.
This is exactly how heavy selling pressure builds up during a correction.