Bitcoin price recovery possible after record realized losses and leverage flush out create a healthier market
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Bitcoin (
While a market bottom has yet to be found, and a handful of potential downside catalysts remain, on-chain analysis is showing that the sentiment of market participants is slowly shifting out of bearish extremes, with the peak of realized losses and forced selling seemingly concluded.
A tighter view of Bitcoin holders’ acquisition cost will also make anticipating reactions to possible upcoming volatility easier. A large amount of excess liquidity has dissipated, possibly creating a firmer price floor for a sustainable BTC price recovery.
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