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Bitcoin investors underwater

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PARAGRAPHIn the last month alone, The recent downturn also challenges the claims of many crypto that the day correlation coefficient of Bitcoin and the Nasdaq. In fact, bitcoin has largely moved in investorss with the Nasdaq Data from Bloomberg shows evangelists that digital assets would perform well during turbulent times is at 0.

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Reaction To 40% Of Bitcoin Investments Being Underwater
About 61% of BTC holders are underwater as market stagnation persists. The majority of Bitcoin investors are holding losses during this period. Bitcoin speculators are underwater on 88% of their BTC bags: Research. A tale of two types of Bitcoin investors emerges as BTC price action. Bitcoin (BTC) investors who plan to own the cryptocurrency for the shortest amounts of time � people who tend to be sensitive to quick moves in.

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February 7, Analysts from Glassnode also noted an influx of "urgent transactions" amid this latest sell-off, in which investors paid higher fees, indicating they were willing to pay a premium in order to expedite transaction times. This tends to happen following "'top heavy markets' such as May , Dec , and again this week," Glassnode's weekly newsletter published on Monday said. Salt Lake City, UT. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains [�].

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