Bitcoin: Buyers Shunned the Dip at 58,000 Dollars

The cryptocurrency market remembers the sharp drop of BTC below 58,000 dollars in July. However, on-chain data shows a much weaker reaction than expected after this dip. This discretion of buyers now raises a central question: did this level really represent a durable floor? The HODL Waves indicator provides precise insight into recent supply movements. Its evolution mainly suggests slow accumulation, very different from the reactions observed at previous cycle lows.

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