Source: Coindesk.com
The last time the DXY index was above 103, it was during the Yen carry trade unwind back on Aug. 5 when bitcoin dropped to $49,000. Over 94% of the bitcoin circulating supply is now sitting in profit, historical data tell us profit-taking should start to build up.
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The post "Ongoing Profit-Taking Could Slow Bitcoin's Move To Record High" appeared first here Coindesk.com.
Source: Coindesk.com
