Bitcoin drops to $65,000 as whale sell-offs and short-term investor losses intensify
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On-chain data shows that the price of bitcoin has dropped to around $65,000, a 4.4% decline from the previous $67,000 range. According to data from Glassnode and CryptoQuant, recent buyer losses have decreased from about $1.24 billion per day to $480 million, indicating that panic selling has eased, but the market is still in a bottom-building phase. Exchange data shows that large holders are leading the sell-off, stablecoin inflows have decreased, altcoin deposits and volatility are rising, and buying power in the market has weakened.
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