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Bitcoin Heads Into Fed Week With Least Downside Protection Since June, Bitfinex Analysts Say
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Bitcoin enters Fed week with the least downside protection since June, per Bitfinex analysts.
In May and June, wallets holding 100 to 1,000 BTC sold for $5.1 billion.
The reduced downside protection suggests lower hedging activity among traders.
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Rajeev Chandrasekhar / Jupiter Capital interests historically