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Glassnode Warns Bitcoin's Bottom Hasn't Been Confirmed Amid Low Demand

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin's price remains stuck between two key levels, $63,000 and $68,700, after recent US inflation data failed to boost the asset. Analysts at Glassnode warn that the bottom of the current downturn has not yet been confirmed.

A clear sign of improving conditions would be bitcoin holding above $68,700 amid rising volumes and continued inflows into ETFs. Conversely, a drop below $58,500 would increase the risk of an accelerated sell-off.

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