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Exchange report: The bitcoin market may be entering a consolidation phase, rather than a continuous plunge

Exchange report: The bitcoin market may be entering a consolidation phase, rather than a continuous plunge

ChaincatcherChaincatcher2025/11/18 02:53
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ChainCatcher news, the Bitfinex Alpha report indicates that bitcoin has now recorded the third largest drop in this cycle, falling 25% from its all-time high and dropping below $94,000. The downward momentum remains strong on lower timeframes. However, the pace of selling and the scale of actual investor losses have begun to stabilize, suggesting that the market may be entering a consolidation phase rather than a continued sharp decline.

Currently, bitcoin is trading well below the short-term holders' (STH) cost basis of $111,900, and downside risks remain until it returns to that level.

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