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BTC Market Pulse: Capitulation Signals Emerge
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Bitcoin traded near $67,000 after slipping 1.32%, with Pintu News highlighting a rebound from $65,757 lows. Standard Chartered forecasts a $50K bottom before climbing to $100K by year-end, citing macro slowdowns. Bloomberg notes the bank's second cut in three months, reflecting delayed inflows. However, on-chain metrics like MVRV and NUPL are in 'no man's land' per CryptoQuant—between mid-cycle correction and reset—suggesting the worst may be priced in. Value lies in Bitcoin's transparency and scarcity; with $2.38T in U.S. credit union assets eyeing stablecoins, BTC could benefit from tokenized finance. Historical 75% drawdowns often precede bull runs—use this as a strategic entry. Explore BTC trading on Binance!
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