🔺💸Bitcoin Faces Pressure as Dollar Strengthens Against Yen
🏦Bitcoin came under renewed selling pressure as the US dollar reached its highest level against the Japanese yen since 1986. At the same time, on-chain data shows that many investors who bought BTC near its recent highs are selling at a loss, with exchange inflows increasing significantly.
🟩The data suggests that long-term holders who entered at higher prices are reducing their positions, reflecting continued weakness in the market.
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