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Coin Telegraph

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Image Credit: Coin Telegraph

4 key Bitcoin metrics suggest $80K BTC price is a discount

  • Bitcoin (BTC) price dropped from $87,241 to $81,331 between March 28 and March 31, erasing gains from the previous 17 days.
  • Four key indicators point to strong investor confidence and potential signs of Bitcoin decoupling from traditional markets in the near future.
  • Bitcoin metrics show strength, with an increase in mining hashrate and reduced flow of coins to exchanges.
  • Cryptocurrency exchanges' reserves dropped to their lowest levels in over six years, indicating investors' inclination to hold.

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