@petrak.base.eth
Bitcoin Highs Erode Within Hours Amid Profit-Taking and Cooling Sentiment 📉
Bitcoin briefly hit a record high near $124,089 before dropping below $117,500, wiping out over $227 million in leveraged longs. Analysts cite profit-taking and hotter-than-expected U.S. inflation data, which reduced Fed rate cut expectations and cooled market momentum.
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