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Bitcoin Price Falls as Most Holders Profit, Indicating Potential Market Peak
- Bitcoin's recent rally above US$69,000 has placed over 94% of holders in profit.
- Most Bitcoin was purchased around the US$55,000 level, encouraging a 'Buy-the-Dip' mentality.
- A price drop tends to follow when a large percentage of Bitcoin holders are in profit.
- Historically, previous corrections in September 2023 and March 2024 have seen price drops after high profitability.
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