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Bitcoin (BTCUSD) Slips Amid Profit Exhaustion and Heavy Outflows, Signaling Short-Term Downside

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The Story

News Summary

  • Bitcoin's net realized profit and loss has dropped 97% to near zero, signaling profit exhaustion and fragile market equilibrium.
  • Despite whale profits, heightened volatility and macro risks precipitate large outflows and leveraged liquidations, suggesting potential further downside.
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Stored market data

BTCUSD price history

77949.00 +16.35% over the displayed period

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