"Bitcoin experienced a dramatic dip last week, with a massive exodus of leverage from derivatives causing a downward spiral. But the real concern? The stability of Bitcoin's price above the $26,000 level. Short-term holders, those new to the market and more reactive to price fluctuations, are sitting on approximately 1.28 million BTC at a loss. If the volatility continues, an oversupply of BTC could hit the exchanges, creating immense selling pressure. The market is at a critical juncture, with the actions of these short-term holders... would they trigger further price cascades?"
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