Bitcoin Investors Panic as BTC Dips Below $93000
Recent on-chain data reveals that Bitcoin investors who bought at the peak are now selling at a loss. The cryptocurrency trades below the critical $93000 threshold. Analysts from CryptoQuant indicate that short-term holders, who purchased BTC recently, are exhibiting panic as the price drops. This sell-off could indicate a significant shift in market sentiment, raising concerns about further price declines. The recent drawdown has left many investors nervous about the future of Bitcoin. Investors ponder their next steps in these uncertain times.
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