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Bitcoin won’t witness a recovery until this happens

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AMB Crypto

Fri, Jan 14, 2022

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Aliens TLDR

The recovering market is slowly losing its strength since the overall crypto market led by the king coin Bitcoin itself made barely any difference in the last seven days.

The outflows were led by none other than the king coin as Bitcoin registered negative $107 million in net flows.

This was followed by Ethereum at – $39 million which still accounts for just one-third of Bitcoin’s outflows.

Natbly, this is not a good sign, since, in the case of Bitcoin which lacks DeFi, its investors are its only strength.

The market needs to maintain the net flows close to neutral or positive, only then could there could be a chance that Bitcoin could defy the ensuing bearishness

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