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While bitcoin holds near $63,000, some data points to pain ahead for bulls

Published Source: CoinDeskRead original

Crypto Insight Summary: Onchain data shows the bitcoin market price is only just above its realized price and demand is weakening, especially from ETFs. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ETF demand weakening and price near realized price signal short-term bearish pressure.

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