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🚨 Bitcoin bull run ends at $111K?
BTC has just dropped to a multi-week low after a $640 million liquidation. Many traders are concerned that the price could retest $100K, even $95K if the negative trend continues.
Meanwhile, BTC whales have sold a large amount of coin that was stored for 7 years, rotating into ETH → putting significant pressure on the market. In contrast, retail investors continue to accumulate.
In addition to the on-chain factors, this week the market is also watching the PCE index and the Fed's interest rate decision. This will be the key to determining whether the bull run continues or has "ended."
#Bitcoin CryptoNews #BTC CryptoMarkets