Bitcoin BTC Price Drops: Smart Money Seizes the Opportunity
Bitcoin recently dipped by 7.6% from its all-time highs, now trading at $92,476. Declining exchange reserves paired with limited retail participation suggest that smart money is starting to accumulate. Similar accumulation patterns have been seen in 2020, indicating a potential setup for strong growth. Investors should keep a close watch on these dynamics as smart money influences future price movements. The outlook for Bitcoin remains promising as strategic buyers enter the market.
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