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Bitcoin Plunges Below $115K as Traders Cash In Profits – Temporary Dip or Trend Reversal?
Bitcoin Plunges Below $115K as Traders Cash In Profits – Temporary Dip or Trend Reversal?
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Bitcoin's bull run hits a speed bump as investors trigger a sell-off at record highs.
Key details:
- BTC/USD drops 12% in 24 hours amid heavy profit-taking
- Market analysts see this as healthy correction after 83% YTD gain
- On-chain data shows whales moving coins to exchanges
While the pullback rattles weak hands, veterans see this as classic 'buy the rumor, sell the news' behavior after the recent ETF approvals. The real question: Will Wall Street's new crypto tourists panic sell, or recognize this as normal volatility in a maturing asset class? (Spoiler: They'll probably sell.)
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