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The Bitcoin ETF dumped $700 million yesterday, and then was quickly bought back up again, showing that there’s quite strong consensus on the buying side here. The same happened with the $460 million sell-off on the 25th—it was also quickly bought back up. At the moment, there are reasons to believe there are “signs” of a bottom here!
In the span of 2024 over the past year, the consolidation range is roughly between 5.4 and 6.9!
bitcoin:native