The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market.
The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help BTC stabilize above $40,000 this time.
Bitcoin recovers quickly after whales finish selling
On Jan. 29, a pseudonymous Bitcoin researcher and analyst known as “Material Scientist”…
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