💸Traders still believe in the BTC bull market, but see another opportunity to go to $54k before the rally. 

BTC itself showed a strong rebound to $59,700 overnight, but the volatility range is still very compressed and external factors can trigger a move of $2k-$4k at once 🤑

In August, short-term Bitcoin holders sold 642,366 BTC, which explains the increased selling pressure and the current correction.

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A Phoenix never die