Bitfinex Alpha | BTC in Search of a Bottom
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Bitcoin has now logged its third-largest drawdown of the current cycle, falling 25 percent from its all-time high to trade below $94,000 and momentum remains towards the downside on lower timeframes. However, the current pace of selling and the size of realised losses being experienced by investors has begun to stabilise, hinting that the market may be entering a consolidation phase rather than an extended capitulation.
