The Total index, which represents the overall liquidity in the cryptocurrency market, has a significant impact on Bitcoin's price, as a large portion of this liquidity is attributed to Bitcoin. Changes in this index can be very helpful in analyzing Bitcoin's price movements. The Mallicast analytical team, using available data and technical analysis, predicts that the Total index may soon undergo significant changes. As illustrated in the provided image, the anticipated trend could play a crucial role in determining Bitcoin's direction. Therefore, investors and traders should closely monitor changes in this index to make the best trading decisions.
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