Bitcoin-specific funds, on a daily close price, witnessed rather stagnant traction from enthusiasts.. Also, according to data by ByteTree, aggregate holdings of funds didn’t show any major moves.As per the graph, investors using these funds appeared to still “be very cautious” regarding increasing exposure to Bitcoin.
that the Market Value to Realized Value ratio was not in a good position for investors to take profit.Can Bitcoin survive the on-going correction? Certainly yes, as one could look at BTC’s price action/rebound in the past for evidence. In the month of July, for instance, BTC rebounded back from the same area of support it finds itself in now. Ergo, only time will tell whether the crypto is likely to act in the same way again this time.Subscribe to get it daily in your inbox.
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