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Bitcoin hovers near its all-time high despite recent dips, while key on-chain metrics like Binary CDD suggest potential market rotation. Analysts warn of increased profit-taking behavior as long-term holders re-engage with the market.
- Binary CDD nearing 0.8 could signal increased selling pressure from long-term Bitcoin holders.
- Exchange Stablecoins Ratio above 5.0 suggests traders may be preparing to convert BTC to stablecoins.
- Bitcoin's current price action mirrors historical patterns where consolidation precedes major market moves.
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