BTCUSDT increased sharply, the market was hot

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Currently, the spending On-Chain Transaction Value (SOVB) index for these wallets is decreasing, indicating a decrease in activity and a potential market sentiment for price appreciation. The impressive annual increase of Bitcoin (BTC) is fueling a bullish sentiment in the cryptocurrency market.

Conversely, smaller Bitcoin holders, those with 10-100 BTC in their wallets, are contributing to selling pressure. However, this pressure has had limited impact recently and is in line with the early stages of a bull market. The SOVB index for these wallets shows an increase, indicating an uptick in selling activity.


On the 4-hour chart, despite not seeing many significant breakthrough transactions since surpassing the psychological level of $33,000, a bullish channel has formed with prices trading steadily and no signs of the current trend being broken, reinforcing the continuation of the upward momentum.
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BTCUSDT has dropped to entry, let's wait and see what it will do next
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BTCUSDT continue to increase sharply
Dagangan ditutup: sasaran tercapai
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Bitcoin price today 9/11: to nearly 36,000 USD
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As the context continues to develop with the participation of more organizations, the cryptocurrency market can see more confirmation and integration into the mainstream financial.
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