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Update: Starting to think this algo is probably from a notable desk or firm Part of yesterdays move higher into $108K + was driven by acquisition of $BTC (companies acquiring $BTC via desks) since these desks often know the incoming flow or it was leaked makes it quite easy to take advantage of consistently knowing the liquidity aka bid that is being demanded under price makes it efficient to offload $BTC into Now this leads us into the current market state where the same algo / desk has edge over the market as seen below - Grids of supply quoting price lower - Spot taker selling (market selling) - bounces prior to spot selling flow is shorted My hunch from here is they're also likely going to be the larger passive buyer going forward #bitcoin #btc
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Folks in everyday life see $BTC at $107K, stocks hitting record highs. They’re unaware Crypto Twitter even exists. They cheerfully chat about how awesome the markets are. But if you only checked Crypto Twitter feeds, you’d swear we were back at $40K. #bitcoin #btc
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USDT.D at 5.76% Key Level to Watch for Crypto Market “BOTTOM”
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Technical analysis simplified!
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Layer-2s are the future of Ethereum, but their tokens? Most flopped. Why? Early VCs cashed out big, leaving the public holding overpriced bags. This cycle needs to end. The future deserves better. #Ethereum #Crypto $ETH $OP $POL
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