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The surge in selling pressure sent the Coinbase Premium, a measure of Bitcoin demand in the US, falling to a 12-month low on December 31, 2024. The index reflects demand for Bitcoin: a positive value indicates buying pressure, while a negative value indicates selling pressure.
According to Bitbo, long-term investors are making big profits, with an average purchase price of $24,298, representing a 290% gain if sold at the current price of $94,820. Meanwhile, short-term investors only made a profit of 9.29% with an average purchase price of $86,753. 0 reply
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