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Analytics

Novarex

ZebPay: BTC Risks Nearly 50% Drop and On-Chain Data That Calms the Market

ZebPay’s report notes that if the current downtrend continues, Bitcoin could theoretically lose up to 50% of its value from its recent highs. However, on-chain metrics from Glassnode paint a less dramatic picture: BTC’s short-term drop to $98,000, the first below $100,000 in four months, could prove to be a local bottom. The data shows

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