Bitcoin’s price has plummeted over 12,000 USD within two days, underscoring the market’s fragile condition. Analysts indicate possible further declines towards the mid-80,000 USD range, reinforcing the ongoing bearish trend.
Data shows unprecedented outflows from Bitcoin ETFs, totaling approximately 679 million USD, indicating a strong institutional retreat. Whalemap highlights significant buying interest in the 60,000 USD to 67,000 USD range, offering crucial support for long-term investors.
Leave a Reply