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Dear customer,
Bitcoin started June near $76,700. Today it sits around $60,100, down roughly 18% in three weeks, and the question on every trader's screen is the same one. Where's the floor?
Here's the honest read. In past dips, buyers usually rushed in and the price bounced back fast. This time they haven't. Big institutional investors are pulling money out instead of putting it in, and one of the largest companies holding Bitcoin sold just 32 coins, a sliver of its stack, to cover a payment. It was its first sale in four years. The amount was tiny, but the message landed hard, since this was a company famous for promising it would never sell.
Market mood is at its most fearful right now, and that cuts both ways. Sometimes deep fear means the bottom is close, and sometimes it just means the slide isn't over yet. Traders are watching one line, around $60,000. If it holds, things may steady. If it doesn't, more major institutional movement the price could shift again.
Which way it breaks, nobody knows, and the only real move is your own research. We're not here to call the market. We're here for whenever you act on your own read.
And this weekend, acting costs less. The discount from this week just went up. Until Sunday night, every Paybis fee is 55% off, our biggest cut all month. The market is the one number you don't control. The fee isn't.
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