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Bitcoinist
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Bitcoin Plunges To $60,000 As Short-Term Holders Harvest Massive Profits
- Bitcoin short-term holders are realizing massive profits.
- On-chain data shows short-term holders have moved over 14 times more profit volume than loss.
- Realized Profit/Loss Ratio for short-term holders has turned positive as the price of Bitcoin recovered.
- Capitulation from short-term holders may indicate a potential bottom for Bitcoin.
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