According to NewsBTC, Bitcoin is currently experiencing the largest hidden-buying spike of the cycle, as reported by On-Chain Mind, despite losing the $90,000 level. The price is struggling to reclaim this key level after a sharp drop, with market sentiment weakening and selling pressure rising. On-chain data, however, suggests aggressive buying activity beneath the surface, indicating potential accumulation by large players. This hidden demand may signal a future upside reversal, though it may take weeks to materialize. Meanwhile, external factors such as renewed fears of a China Bitcoin ban and Tether FUD are amplifying bearish sentiment.
Bitcoin Shows Largest Hidden-Buying Spike Amid $90K Drop
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