Bitcoin whale watching is “good for social media” but not for valuable analysis, according to traders.
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A return to the $73,000 price range for BTC will likely be met with short-term holder resistance but could also mark a turning point for the asset.
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Just a 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application.
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Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst.
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