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Bitcoin’s (BTC) strong start to the year has been fully erased, with its price slipping to a new yearly low below $84,000. Analysts viewed this move as part of a broader corrective phase rather than a structural market breakdown, driven by aggressive futures deleveraging rather than sustained selling in spot markets.
Key takeaways:
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BTC fell to $83,600 and trades in the lower limit of the 10-week consolidation range that has capped its price since Q4.
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Bitcoin taker sell volume spiked to roughly $4.1…
