Bitcoin Price Declines Amid Waning Demand and Whale Activity

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Bitcoin is down 2.7% over the last 24 hours after running into resistance above the $111,000 level, among other drivers, including significant long liquidations.

Bitcoin price fell 2.7% over the last 24 hours to $105,00 amid waning investor demand.

Bitcoin’s drop on May 30 triggered more than $210 million in long BTC liquidations.

A bearish divergence from the RSI signals a reduction in bullish momentum.

Bitcoin’s price has dropped by over 2.70% over the last 24 hours to $105,150 as concerns over the progress of US-China trade talks emerge. Its daily trading volume has jumped by 20% to $60 billion, suggesting that the sell-side activity is intensifying. 

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