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However, coming out of a prolonged bear market in 2018 and 2019, bitcoin moved again in late-2020 into early 2021 as the price climbed from roughly $10,000 to $60,000. However, we can see that this cohort was selling bitcoin during the entire period, locking in those gains as they were buyers in the previous bear market instead of buying the top they were selling.
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How the Crypto Retail Market Has Changed
