α RESEARCH 📉 #Bitcoin holds steady near $100,000 as selling pressure is absorbed
via @andjelaradmilac
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https://cryptoslate.com/bitcoin-holds-steady-near-100k-as-selling-pressure-is-absorbed/ https://x.com/i/web/status/1866427846027362737

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The Bitcoin market has been volatile, with a $1.5 billion long position liquidation causing a 3,000-point drop, before rebounding at the key $95,000 support level and consolidating between $97,000-$98,000. The spot ETFs for Bitcoin and Ethereum have seen impressive inflows, with 8 and 11 consecutive days of net inflows, respectively. Amid the upcoming inflation data release, macroeconomic volatility has slightly eased against the backdrop of political stability in France and South Korea, while Asian markets have rebounded on the back of promised stimulus measures in China. The short-term implied volatility for Bitcoin and Ethereum options remains...

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