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🚨 The $79,000 level is crucial for Bitcoin.
An analyst from CryptoQuant explains that the $79,000 level represents the average entry price for US investors in Spot ETFs.
📌 Why is this level so sensitive?
If Bitcoin breaks this price and falls below it:
• Institutional selling pressure could increase
• Some funds might start reducing their positions
• Volatility could rise rapidly
In short: 79K isn't just a number… it's a crucial support line for the market 🔥
$BTC
{spot}(BTCUSDT)