Bitcoin Price Drops Below $35K as Whales Take Profits and Inflation Slows
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BTC price tested $35,000 support as sell-side pressure sparked multiday lows.
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Volatility came after inflation slowed beyond expectations, but analysts saw little appetite for buying BTC at prior highs.
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Bitcoin whales started booking profits as price rose from $35K to $38K.
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Monitoring resource noted need to expect downside within broader BTC uptrend.
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Highest volume of daily BTC long liquidations in several months totaled $120M.