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The Hidden Factor That Could Send Bitcoin Plummeting to 52,000/55,000

Institutional Crypto Research Written by Experts

Author

Markus Thielen
April 18, 2024

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👇1-12) The Bitcoin ETF inflows and the halving are already ‘yesterday’s news.’ Bitcoin has found a new price-determining factor, which, unfortunately, points down. The funding rate has turned negative. Everybody might soon have a chance to buy more Bitcoin at lower prices.

👇2-12) We’ve analyzed our convincing argument below. As always, we let the data speak, adding our interpretation, but we let every one conclude by presenting the evidence. One of the most critical tailwinds has turned into a sizeable headwind. Few might have noticed this, but Bitcoin is already reacting to this specific data point.

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