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Bitcoin Faces Mini Bear Market According to 10x Research

  • Bitcoin is trading below its crucial trend level of $88,000, indicating a mini bear market
  • On-chain data supports the view that Bitcoin is entrenched in a mini-bear market
  • Reduced activity from retail investors and low funding rates contribute to the negative sentiment
  • Bitcoin's near-term outlook remains muted unless a major macroeconomic shift or bullish catalyst emerges

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