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Deribit analyst: BTC decline is expected to slow down due to the $55,500 support level

BlockBeats news, on September 2, Deribit analyst Anand Raj released a report saying that Bitcoin has broken through the support level of $57,700, forming a lower high, indicating a downward trend. Due to the support level of $55,500, the price of Bitcoin is expected to fall slowly.

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On-Chain Activity

6h ago

Binance SAFU wallet transferred out 7,500 BTC half an hour ago, possibly to replenish reserves for affected assets.

9h ago

Galaxy Digital OTC transferred 47,000 HYPE, worth approximately $4.06 million, to OKX 4 hours ago.

14h ago

An entity transferred approximately 1.223 million SOL to Coinbase Prime, valued at around $117 million.

17h ago

A new address withdrew approximately $6 million worth of LIT, ENA, and ARB from OKX.

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