Key takeaways:
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Bitcoin’s broader uptrend and on-chain data suggest the market remains in an expansion phase.
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Strong dip-buying by “sharks,” and key trendline support point to another BTC rebound.
Bitcoin (BTC) attempted to recover a day after traders witnessed the biggest single-day wipeout on record, with over $5.39 billion in leveraged positions liquidated in 24 hours, which is twice as large as the “COVID-19 crash” in 2020.
As of…
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