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'Can't stop, won't stop' — Bitcoin hodlers buy the dip at $20K BTC

Coin Telegraph LogoCoin Telegraph1 mo ago

'Can't stop, won't stop' — Bitcoin hodlers buy the dip at $20K BTC

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The idea that panic selling is driving BTC price losses appears less watertight on the back of the latest data.

Dissecting Glassnode data, Checkmate revealed that the smallest and largest players are both in buy-mode at around $20,000.

Everyone expects another Bitcoin (BTC) capitulation event, but data suggests that mass buying has already started.


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Article Details

Author / Journalist: Cointelegraph By William Suberg

Category: Crypto

Topics: Cryptocurrency exchange Bitcoin BTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 10:37:54

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 4 minutes read

Article Length: 593 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22604

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

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