Bitcoin traders absorb the dips but ‘ghost month’ could extend woes

Bitcoin falls below $117,000 again, raising worries about the upcoming “ghost month.” Are traders bracing for more losses or buying the dips?

Key takeaways:

Bitcoin marks its steepest pullback in a month, with the ghost month trend hinting at further downside to $105,000.

Onchain data shows a rise in US and Korean spot demand, pointing to a short-term recovery.

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