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Bitcoin Holds Steady in 60-Day Range Amid US Selling Pressure

Wintermute cites persistent selling activity from US traders as the main factor behind Bitcoin’s prolonged price stagnation.

BTC

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Terms & Concepts
  • Trading Range: A period during which an asset's price moves within a consistent high and low boundary without significant breakout.
  • Selling Pressure: Market condition where a large volume of sell orders pushes asset prices down or prevents them from rising.