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glassnode: the price support below bitcoin is significantly diminished

According to glassnode, the support of the purchase price below the current price of bitcoin is significantly weakening. Its order book data show that the large-scale purchase wall formed under the BTC during June has recently receded and that the remaining support is now significantly thinner. According to Glassnode, this indicator has recently been the focus of its observations, meaning that the lower liquidity that previously provided a buffer for prices is decreasing。

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