According to PANews, Bitcoin's price has dropped about 30% from its $126,000 peak on October 6, with year-to-date gains turning negative and less than 1% over the past 12 months. Zerohedge data shows global liquidity is $7 trillion higher than the last time Bitcoin was at this price level. This is the third 30% pullback in the current cycle, with each downturn occurring faster than the last. CoinBureau reports Bitcoin's RSI has fallen to 26, entering oversold territory. Over 95% of short-term holders are in losses, but Bitcoin whales are actively buying at current levels.
Bitcoin Price Falls 30% in One and a Half Months, Enters Oversold Territory
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