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Selling pressure off. The price of Bitcoin is trending up and has managed to stay above $53k at the time of writing amid tech shares’ recent plummets. Bitcoin’s recent rally put a stop to its historically negative correlation with Treasury yields and the U.S. dollar index as its price begins to move in tandem with the rates markets. The selling pressure from Bitcoin miners appears to be exhausted as MPI approaches zero, signaling that the next bull run is perhaps around the corner.