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Bitcoin Dominates 43% of Crypto Chatter After $123,000 Spike, What’s Next?

  • Bitcoin recently hit a new all-time high above $123,000, triggering a 43.06% spike in crypto discussions.
  • Market analysis indicates caution as extreme social activity historically precedes local tops, hinting at potential overretail interest.
  • Binance's spot price exceeding perpetual futures price suggests that market euphoria hasn't peaked yet.
  • Increased exchange inflows post the milestone imply short-term profit-taking, although long-term and institutional holders remain firm.

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