Analysts at platform Copper said bitcoin has “overheated” and reached a localized peak ahead of the upcoming U.S. presidential election
Experts said 98% of Bitcoin wallets have unrealized gains, which could add to selling pressure
“Bitcoin is in a boiling phase and is unable to break the $70,000 boundary amid significant inflows into spot bitcoin-ETFs.
Selling pressure may intensify, which could trigger a short-term correction of the asset below the $66,000 mark,” said Copper
