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CoinOtag 2024-07-05 14:17:49

BTC Price Decline Attributed to Summer Holidays and Increased Sell Pressure: Analysis by Bitfinex and Experts

Recent data by Bitfinex attributes the drop in BTC prices to a decline in trading activity from institutional participants due to summer holidays. The summer break has led to increased selling pressure as fund managers take time off, affecting market liquidity. Long-term Bitcoin holders have also started liquidating their positions, citing various reasons including market

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