Bitcoin’s drop below $73,000 on Wednesday marks a short-term turning point for the market, as multiple BTC distribution signals point toward rising sell-side pressure.ย While the increasing chance of a correction into the $60,000 to $70,000 range remains in play, long-term holder data points to improving investor sentiment, suggesting that traders view the current price as a buying opportunity. Coinbase discount confirms market stress Crypto analyst CryptoOnChain noted that Bitcoinโs drop to $72,500 followed a period of weakening spot demand and unsustainable long positioning in derivatives markets. The Coinbase premium…
Bitcoin Dip Marks Distribution But BTC May Avoid New Bottom
