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Bitcoin (BTCUSD) Tumbles on Glassnode Warning of LTH Selling; Uptober Hopes Remain

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The Story

News Summary

  • Glassnode warns Bitcoin faces heightened downside after breaching key support, citing large long-term holder profit-taking, collapsing ETF inflows, and stressed spot/futures markets.
  • Seasonal Uptober offers potential bullish tailwinds but near-term correction risk persists.
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BTCUSD price history

78409.48 +19.02% over the displayed period

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