Bitcoin (BTC) Price: Testing Critical Support at $110,000 After Flash Crash

TLDR Bitcoin experienced a sharp pullback with price dropping to around $110,000 The flash crash on August 24 was a major long-deleveraging event Newer investors (holding less than one month) faced 3.5% unrealized losses Key support level at $110,800 representing the Average Cost Basis of 1-3 month holders Technical analysis shows Bitcoin in a descending [...]

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