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Bitcoin Heads Into Fed Week With Least Downside Protection Since June, Bitfinex Analysts Say
in5points
Bitcoin enters a Fed-focused week with the lowest downside protection since June, per Bitfinex analysts.
Wallets holding 100 to 1,000 BTC sold $5.1 billion worth of Bitcoin in May and June.
The reduced hedging suggests traders are less concerned about a sharp price decline.
Market attention is on Federal Reserve policy decisions that could impact Bitcoin's price.
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Rajeev Chandrasekhar / Jupiter Capital interests historically