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At the moment, the massive rally in Bitcoin trading volume is entirely retail-driven considering how spot BTC ETF products have continued to record outflows. While Bitcoin is showcasing some forms of resilience, the sustained revival hinges mostly on external factors. While not many outside forces can trigger a Bitcoin bull ride, the potential approval of S-1 registration filings for a
Also, the ongoing recovery in the altcoin ecosystem might complement the revival in the near term. Ultimately, the Bitcoin price is poised to hit bottom, wherein the price will print the long-awaited rebound.and addresses are still in profit, and this will help keep the recovery in check when short-term holders start taking profits on revival.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.
Source: Digital Coin News (digitalcoinnews.net)
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