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Bitcoin dropped to the top of the pain zone.

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Glassnode · On-chain · · Source

Bitcoin dropped to the top of the pain zone.

Bitcoin dropped to the top of the pain zone.

Price briefly touched the largest cluster on the map, which is between $60,000 and $63,000.

The warning signs have been in our week-on-week network for weeks now: thin volume up, demand leaving and this cluster sitting down.

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