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Cryptopolitan 2024-10-24 19:10:48

New investors could be what Bitcoin needs for the next major breakout

New short-term investors could be the next market’s catalyst for Bitcoin’s anticipated breakout. Data from CryptoQuant shows that UTXOs under 6 months have stopped declining and are now in a parallel line, with only about 8% of investors out of the money. Historical data indicates that Bitcoin rallies significantly once the UTXOs under 6 months stop dropping.

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