Bitcoin Tumbles to Four-Week Low Amidst Growing "Exhaustion" Signals, On-Chain Data Suggests

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Bitcoin has experienced a significant downturn, hitting a four-week low of $108,700. This decline is accompanied by growing concerns about market exhaustion, as indicated by on-chain analysis from Glassnode. The cryptocurrency's recent price action suggests a potential for further correction, challenging optimistic fourth-quarter rally expectations.

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