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Divine
Jun 24, 2024, 5:37 AM
The Bitcoin price may be at risk of further downside due to the recent distribution of BTC supply around its current price range.
Data from IntoTheBlock shows a large supply barrier above the current Bitcoin price level, indicating potential selling pressure.Bitcoin miners are also adding to the selling pressure, as they've been offloading over 30,000 BTC since June These factors could lead to further downward pressure on the Bitcoin price, potentially driving the cryptocurrency's value even lower.
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