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CryptoQuant: Imminent Major Moves for Bitcoin Based on Key Price Metric

  • Bitcoin's price approaching its three-month average buy price from short-term holders, signaling a potential rally.
  • Failure to break through the average buy price often results in downward movement.
  • Positive sentiment for Bitcoin due to the Feds cutting interest rates and decreasing sell orders.
  • Institutions moving away from negative Bitcoin derivatives, with short orders falling in volume by 75%.

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