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On-chain and statistical analysis suggest that Bitcoin’s long-term trend remains positive, but there is also a risk of a sharper sell-off due to the actions of short-term holders.
Bitcoin hodlers accumulate and a larger percentage of investors come into profit, even as liquidity across the crypto market remains scarce.
Bitcoin faces a decision after a week of losses puts BTC price support at risk.
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Bitcoin’s on-chain data highlights key reasons why the $25,000 level has remained resistance, while also suggesting that the darkest days of the bear market may have ended.