Are Bitcoin Holders Waking Up? Exchange Deposits Crash To Lowest Levels Since 2016

Quick Summary:

Bitcoin and the broader cryptocurrency market are grappling with a significant downturn, with the risk of a deeper correction looming.

After reaching an all-time high of $108,300, Bitcoin’s momentum appears exhausted, and bearish sentiment has dominated the market.

The pullback has left investors cautious, raising concerns about whether BTC can reclaim its bullish trajectory.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Bitcoin Analyis Bitcoin news Btc Bitcoin Price Action Bitcoin Exchange Deposits Bitcoin Cycle BTCUSDT Bitcoin holders Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-28 @ 12:00:23 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24712029

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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