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Bitcoin is still trading below its recent highs, continuing a correction that began after reaching a record high above $124,000 last week. As of today, the cryptocurrency is trading around $115,347, down 7.7% from its peak and a 3% decline over the past week.
The decline indicates a loss of momentum, and market data suggests reduced buyer demand on major exchanges. According to the latest analysis shared on CryptoQuant's QuickTake platform, the decline is closely linked to a shift in activity on Binance, the world's largest cryptocurrency exchange by trading volume.#Bessent on BTC Reserves #July PPI Beats Expectations #Chinese Capital Flows to Indonesia #Bit Digital’s Pivot Pays Off #BTC ETFs Top $153B in Holdings