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Snowflake
@paramount
On-chain data shows that Bitcoin’s (BTC) brief slide to $100,000 strengthened rather than weakened market structure, Glassnode said in a June 10 report. Bitcoin is currently trading at $109,500, after an over 4% climb on June 9 to hit a weekly high of $110,600. The report noted that the 9% drawdown following the June 7 record high of $111,965 resulted in only $200 million in realized losses, which is significantly lower than the prior corrections this cycle.
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