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Bitcoin’s ATH of $93K sparks big moves on Binance – Are investors cashing out?

AMBCrypto LogoAMBCrypto11h ago

Bitcoin’s ATH of $93K sparks big moves on Binance – Are investors cashing out? - AMBCrypto

Quick Summary:

Bitcoin reached a new all-time high but faced a slight pullback, with major Binance withdrawals suggesting long-term sentiment.

A decrease in open interest volume could imply consolidation or a shift in market dynamics as participants reassess their positions following the recent rally.

Currently, Bitcoin’s MVRV ratio has risen to 2.58, indicating that a significant portion of investors are seeing notable gains.

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Bitcoin’s ATH of $93K sparks big moves on Binance – Are investors cashing out? - AMBCrypto (Picture 1)Bitcoin’s ATH of $93K sparks big moves on Binance – Are investors cashing out? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 22:00:52 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 601 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23593470

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 20 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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: #103

Publisher Details

Frequently Asked Questions

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The story "Bitcoin’s ATH of $93K sparks big moves on Binance – Are investors cashing out?" has 601 words across 30 sentences, which will take approximately 3 - 6 minutes for the average person to read.

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The story "Bitcoin’s ATH of $93K sparks big moves on Binance – Are investors cashing out?" was covered 11 hours ago by AMBCrypto, a news publisher based in United States.

How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 20 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #23593470
  • URL: https://beamstart.com/news/bitcoins-ath-of-93k-sparks-17316225235755

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