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Furthermore, Bitcoin's entry into the support zone of the Short-Term Holder Spent Output Profit Ratio supports the idea of a potential purchasing opportunity. Historically, this phase comes just before the price rises.At the time of writing, Bitcoin is trading at $63,000, up by a minimal 0.49% increase within the last 24 hours. The market cap also increased by 0.47% to $1.2 trillion, while trading volume decreased by 19% to $36.7 billion.
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