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⛓️ Crypto🔴 BearishImportance 7/10Actionable

Not the Bottom Yet? CryptoQuant Data Exposes Bitcoin’s Brutal Deleveraging

CryptoPotato|Mandy Williams||1 views
🤖AI Summary

CryptoQuant data indicates Bitcoin is experiencing brutal deleveraging, suggesting the market hasn't reached its bottom yet. The analysis points to a consolidative or mid-cycle bearish regime with potential capitulation events approaching soon.

Key Takeaways
  • CryptoQuant metrics reveal ongoing brutal deleveraging in Bitcoin markets
  • Current market conditions suggest a consolidative or mid-cycle bearish regime
  • Definitive capitulation event appears likely to occur in the near term
  • Combined technical indicators point to Bitcoin not having reached its bottom yet
  • Market deleveraging suggests continued downward pressure on Bitcoin prices
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