Bitcoin has decreased from its recent high of 124,500 USD to 115,119 USD, reflecting a drop of over 10,000 USD. Traders are split on short-term predictions, highlighting potential local lows in the market.
The Jackson Hole symposium’s upcoming discussions may impact market sentiment, especially concerning U.S. Interest rates. An unusual divergence between Coinbase Premium and Bitcoin prices suggests that larger investors may be quietly accumulating BTC despite the current market volatility.
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