Bitcoin Sees Profit-Taking Around $70K Amid 'Stubbornly Bullish' Sentiment
Briefly

from Coindesk8 months ago
CryptoQuant reported 50% of long-term bitcoin supply was inactive, showing strong conviction for further price gains.
Coindeskhttps://www.coindesk.com/markets/2024/06/04/bitcoin-sees-profit-taking-around-70k-amid-stubbornly-bullish-sentiment/
Bullish sentiment persists despite negative news, with anticipation of ETH spot ETF approval driving long-term holder conviction.
Coindeskhttps://www.coindesk.com/markets/2024/06/04/bitcoin-sees-profit-taking-around-70k-amid-stubbornly-bullish-sentiment/
Bitcoin's price movement correlated with broader U.S. stock market bets, showcasing intermarket relationships for crypto assets.
Coindeskhttps://www.coindesk.com/markets/2024/06/04/bitcoin-sees-profit-taking-around-70k-amid-stubbornly-bullish-sentiment/
Read at Coindesk
#bitcoin-price #profit-taking #stock-market-correlation #long-term-holder-conviction #spot-etf-approval
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