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Short-term investors are facing significant losses, and the market squeeze is accelerating, especially after the $91,000 loss.
The STH-MVRV Z-Score has fallen below even the last two crises. The average cost level for short-term investors is $109,000 today.
This is a region where short-term investors will line up to take profits as the price approaches each cost level.
The more panic selling at this level increases, the lower it will go.
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