Most recent Bitcoin buyers are now sitting on losses. Investors who bought BTC in the last 1-3 months have an average buying price of $79,300, while BTC is currently trading around $74,500. Sellers are still dominating, and recent buyers are down nearly 6%. But I don't think this necessarily means more downside is coming. If buying demand starts picking up again, BTC could recover some of its recent losses. I still think there's a good chance we've already seen the worst of this correction.
NielsShare
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