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    Investors’ perspective on Bitcoin at the moment

    The crypto-market continues to slow below normal, with Bitcoin [BTC] hitting a new low on June 19. Furthermore, after dropping below $18,000 for the first time in its existence, King Coin smashed an all-time high from a previous cycle. This has increased the strain on investors who are already under stress due to the current market conditions.

    The crypto-market continues to slow below normal, with Bitcoin [BTC] hitting a new low on June 19. Furthermore, after dropping below $18,000 for the first time in its existence, King Coin smashed an all-time high from a previous cycle. This has increased the strain on investors who are already under stress due to the current market conditions.

    According to public opinion, In recent days, the quantity of bitcoin on exchanges has plummeted. Over the last five days, the exchange has been closed by 0.6 percent, as seen below. This indicates that there is a growing agreement that the worst is over for bitcoin and that a rally is imminent.

    The most recent Glassnode data supports this theory. This indicated that today’s exchange outflow volume (7D MA) hit a two-year high of 4,128.6 BTC. This measure previously achieved an all-time high of 4,066.2 BTC in May 2021. Despite the fact that BTC exchanges are emptying, there is one measure that signals more suffering in the future. According to Sentiment’s study, Bitcoin suffered the greatest actual losses this week.

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