Bitcoin’s price dip indicates reduced selling pressure from short-term holders, with the amount of BTC sold at a loss significantly dropping. Despite recent economic challenges, long-term holders remain steadfast and inactive, showing strong faith in Bitcoin’s value.
The February inflation report affected Bitcoin’s value, briefly driving it under $95,000. Nonetheless, signs suggest stabilization in the market as panic selling declines, potentially signalling a base for future recovery as sentiment improves.
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