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Nevertheless, CryptoQuant analysts warned in a current report that top unrealized earnings amongst bitcoin holders elevate the dangers of a pointy value decline. That is at the same time as rising demand for the Grayscale Bitcoin Belief (GBTC), which has utilized for approval to transform to an ETF, narrowing reductions between the GBTC share value and its web asset worth, and rising buying and selling volumes point out sturdy anticipation for the spot ETF approval.
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