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Blockchain Indicator Suggests Bitcoin Could Be Close to Bottoming Out – CoinDesk

Bitcoin's entity-adjusted dormancy flow drops under $250,000, indicating a price bottom ahead (Glassnode)
A historically reliable blockchain indicator suggests bitcoin may be in the final stages of a bearish trend, having lost nearly 40% of its value in the past two months.
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Omkar Godbole
Omkar Godbole is the senior reporter on CoinDesk's Markets team.
Follow @godbole17 on Twitter
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
@2021 CoinDesk

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