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Duc Nguyen
@ducnguyen79
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ATTENTION!l
Bitcoin has decreased since morning but funding rates on top exchanges are mostly still neutral or green. 👉In my opinion, this is not a good signal for the bulls today. Anyone who has a LONG order should set a stoploss!
Elsewhere, statistics show that 358,000 $BTC BTC was purchased by diamond hand wallet addresses in the past month, and at the same time, ETF funds bought a net of about 53,000 BTC. This is an unprecedented buying phase of large wallets.
👉👉👉In short, the past 5 months of Bitcoin's sideways movement at $60,000 is more like an accumulation phase than a distribution phase.
However, even though Bitcoin does not fluctuate much, retailers still fall due to countless reasons such as burning margin, getting stuck in shitcoin rug-pull, swinging altcoin peaks...
💵"BUILDING IS NOT EQUAL TO LONG-TERM CAPITAL" you must have a long-term strategy with the market to hope to win! 👉Creators have nothing but money and time. If you don't have money like them, at least you have time! 0 reply
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Why are cryptocurrencies falling? 🤔🤔
Of course, all cryptocurrencies turned red as BTC lost over $1,400 in just two hours. Today's drop is once again worrying about excess BTC supply. MTGOX announced it will refund over 140,000 BTC to its owners starting this month.
According to creditor posts on Reddit, X, and Telegram, refunds are being processed through the Kraken exchange. Additionally, MTGOX transferred an additional 47,500 BTC to various addresses today. Debt holding billions of dollars faces an attractive selling opportunity with more than 200 times returns at current prices.
Investors, fearing that those receiving their funds would be refunded quickly, acted early to reduce their risk, leading to a decline in BTC's price. Furthermore, this is not the only problem. The US government moved $4 million worth of BTC to Coinbase Prime, signaling a new energy selling platform. The United States Holds Billions of Dollars in BTC Confiscated in Various Situations 0 reply
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