Derived from CoinPaper, Bitcoin rose 8% on Wednesday, reaching $93,079, as analysts suggest traditional price cycles may no longer apply. The market saw $19 billion in liquidations on October 10, pushing Bitcoin to $82,000 by November 21, but it has since recovered over 11%. Bitfinex research notes reduced leverage and stabilized short-term holder behavior, indicating a leaner market structure. Analysts argue the October liquidation event cleared weak positions, potentially leading to more stable price action. Bitcoin analyst PlanC has long argued the current cycle differs from historical patterns tied to halving events.
Bitcoin Surges 8% Amid Signs of Market Stabilization and Cycle Pattern Shift
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