Bitcoin Faces Fourth Consecutive Monthly Decline
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Bitcoin is poised for its fourth straight monthly decline, currently trading around $82,513 after a 7% drop in the last 24 hours. This sustained downward pressure reflects a fundamental shift in market momentum, with most investors now underwater on their positions. The $81,000 level has emerged as a critical technical floor that traders are closely monitoring for potential support.
The current market environment suggests increased caution among participants, with long traders facing significant liquidations as volatility persists. This extended period of weakness indicates broader market consolidation rather than isolated corrections, requiring investors to reassess risk management strategies amid changing dynamics.
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