Buy the Bitcoin Dip? Not Until Short-Term Holders Show Gains, Says Compass Point

Compass Point analysts advise against buying Bitcoin dips until short-term holders begin to show profits. They highlight that the current market sentiment is cautious, with many short-term investors still at a loss. The analysts suggest that a significant price recovery is necessary for these holders to realize gains, which could lead to increased buying pressure. Until then, they recommend waiting for clearer signs of market stability before making investment decisions.

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