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Bitfinex: Bitcoin Enters Low-Volatility Compression, Market Exhibits "Late Bear Market" Characteristics

Source: blog.bitfinex.com
Bitfinex's latest report indicates that Bitcoin has recently continued to trade within a narrow range, with volatility, trading activity, and market liquidity all compressed to levels similar to the end of a bear market. Currently, the Bitcoin price still hovers above the "median realized price" near $63,200, while the key level for Short-Term Holders (STH) to achieve overall profitability is at $67,176.

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