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Analyst: Bitcoin RSI Enters Oversold Zone, Similar Scenarios in the Past Saw Rapid Reversals

BlockBeats News, November 23, Cryptocurrency analyst @ali_charts posted that Bitcoin's Relative Strength Index (RSI) has entered the extremely oversold zone. In the two previous similar instances, the market quickly saw a rebound.

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On-Chain Activity

1h ago

A new address has invested $4.24 million to leverage 10x long on WTI crude oil.

9h ago

ETH's largest bearish pension short position has increased to around $85 million, with an entry price of $1,734.41.

12h ago

An unknown whale opened a short position of 23,000 Ethereum, worth $39.64 million.

23h ago

Whale Pension Tripled Shorts on 26,500 ETH, Worth Approximately $46 Million

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