๐ด Bitcoin is stuck around $85,500 as outflows from institutional spot ETFs ๐ have resumed, repeatedly capping rallies below the $86,700 resistance level. Without institutional inflows absorbing selling pressure from above, spot demand cannot push higher. A break below the $83,300 support level risks triggering cascading liquidations โก of leveraged positions in derivatives markets.
Will Bitcoin hold its $83,300 support level if outflows from institutional ETFs continue next week? ๐
#bitcoin #etf #outflows #macro #liquidity
Will Bitcoin hold its $83,300 support level if outflows from institutional ETFs continue next week? ๐
#bitcoin #etf #outflows #macro #liquidity