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Renowned Trader: Bitcoin Bottom Has Been Formed, Next Phase Could Be Range-Bound Accumulation

BlockBeats News, August 21st - Renowned trader Killa posted stating that he believes the Bitcoin bottom is in. After the current rally, BTC may enter a new consolidation range, which could serve as an accumulation phase before the next bull run.

He cautioned that the market is currently in a "manipulation phase," but some investors remain unconvinced of this assessment.

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35min ago

Tens of Millions of Dollars in BTC Long Positions Set Up in Advance, Suspected Bet on Resurgence of Risk Assets

1h ago

20x leverage FOMO long, the fourth largest ETH long on Hyperliquid sees unrealized gains increase to $7.3 million

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「Bull Run」 Leads with 30% Gain, 「Binance Smart Chain Life」 Nearing $500 Million, BSC OG Meme Coins See Collective Rebound

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After BTC and ETH surged, the crypto Open Interest (OI) ratio rose to 67%, but nearly 90% of the increase came from price reassessment.

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Analyst: Bitcoin Faces Little Resistance to the Upside, $83,300 Is the Next Key Resistance Level

The Whale has increased its short position to a total of $143 million as part of its "First Set of 10 Major Goals," currently facing a $309,000 unrealized loss.

Tens of Millions of Dollars in BTC Long Positions Set Up in Advance, Suspected Bet on Resurgence of Risk Assets

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