Bitcoin back in ‘distribution phase’ as extreme fear grips crypto market

Bitcoin slips below $70,000 as rising losses, exchange inflows and extreme fear signal a renewed distribution phase.

Bitcoin (BTC) sellers took control during the European trading session on Tuesday as the BTC/USD pair slipped below the $70,000 mark for the first time since April.

Analysts said that Bitcoin has entered another distribution phase due to high selling pressure and investors realizing losses.

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