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Bitcoin Support Crumbles; Glassnode Warns of Fragile BTC Market

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The Story

News Summary

  • On-chain data indicates Bitcoin's key support levels are weakening significantly as large buy walls are removed, creating a fragile market structure.
  • Glassnode warns of reduced bid depth and liquidity, signaling potential for increased price volatility ahead.
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BTCUSD price history

77983.70 +16.40% over the displayed period

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