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Amid continuous price fluctuations in the cryptocurrency market, Bitcoin (BTC) has a fair share of fluctuations. The leading digital assets trading between 100,238.19 dollars and 103,730.82 dollars in the past 24 hours. This Ki Jong Go, CEO of Cryptoquant, has paid a great warning to investors.
The high available in sale of pressure sparks
in to update Young Ju, who has been shared on X, noted that the pressure on Taker Bitcoin, a measure that increases the markets for selling the market on the stock exchanges, is increasing. This indicates that more market participants are participating in the aggressive Bitcoin sales.
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It is striking that these merchants cancel the asset download at the current market price and do not put sale orders. Experts say this hints to the emotional feelings between investors and can lead to a significant decrease in prices.
This prediction can occur with a possible decrease in the price if the pressure on bitcoin exceeds liquidity on the purchase side. Thus, Young JU seemed to warn for Bitcoin investors in a reformer position.
Young Joe warned, "Be careful if you were exposed to benefit." It has supported its Bitcoin update with the BTC Taker Net Volume, indicating the MA 72 hours.
This warning targets traders who use borrowed funds to inflate their bitcoin positions. Young Joe seems to indicate that these investors need to re -evaluate their assets. If this selling pressure continues, the BTC decrease may lead to a dangerous low -value qualifiers like the end point.
Will Bitcoin buyer seize the opportunity?
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To this writing, it was BTC price Change Hands at 101,066.42 dollars, a 0.84 % decrease in the past 24 hours. Bitcoin trading decreased by 22.45 % to 42.29 billion dollars.
Market monitors note that if young ju predict metaplanet Microstrategy may use the opportunity to support BTC's possessions again. Bitcoin Whale Metal currencies may pick up on the market.
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