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Even Bitcoin Fundamentals Are Hinting At a Significant Correction Ahead

Bitcoin just had its largest 48-hour pullback since May 2020, back when the asset’s halving took place. The drop in price has the cryptocurrency now trading below a key fundamental level. A deeper dive into other Bitcoin fundamentals may be hinting that a more severe correction that may have only just started. Here’s what the cryptocurrency’s underlying network metrics are saying about what’s about to come in terms of price action across the crypto market. Bitcoin Energy Value, Production Costs, and Hash Ribbons Potentially Signal Deep Downside Technical analysis across any and all assets is exactly the same: open up…

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