Post
THEuser633
Was right about this btw.
The profit-taking I mentioned still looks like part of what's slowing $BTC down. Fresh demand needs to absorb that selling for the rally to pick up speed.
ETF buying also cooled after September's breakout, and higher yields give investors another reason to protect their gains.
That said, I'm watching how BTC handles its next pullback.
This chart puts traders' average cost basis around $68.9K, well below the market price.
Are you taking profits also or just holding?
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