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Bitcoin Dominance Signals Bearish Trend As Retail Activity Rises

  • Bitcoin Dominance shows bearish signs with a Doji candlestick pattern and volume divergence signaling a potential reversal.
  • Rising wedge formation since March 2023 could trigger a flash crash, adding pressure to Bitcoin Dominance’s trend.
  • Retail activity has risen by 13% in 30 days, signaling renewed interest from smaller investors amid Bitcoin’s looming move.
  • Whales have kept transaction volume high while retail activity decreased, but recent surge in small transactions suggests retail traders are becoming less risk averse.

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