Analysts are cautioning investors to be extra vigilant as price fluctuations continue to be a common occurrence in the cryptocurrency market. Research data indicates a growing selling pressure as the exchange reserves of BTC rise and a significant increase in net deposits compared to the previous week’s average. On the other hand, Santiment’s recent findings indicate a rapid surge in the overall number of non-empty Bitcoin wallets, despite the volatility in prices.
Bitcoin experiences a decline to its lowest point in 10 days amidst an increase in selling pressure.
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