BITCOIN LOSES SUPPORT AT US$ 74 THOUSAND AS ETF OUTFLOWS EXCEED US$ 1,2 BILLION
Bitcoin came under pressure again this Monday (9/11), reaching the US$ 73,7 thousand range after failing to recover above US$ 80 thousand.
The move comes amid a week of heavy institutional withdrawals: US Bitcoin ETFs recorded US$ 1,28 billion in net outflows, while more than US$ 1,15 billion in leveraged positions were liquidated over 24 hours, mainly bullish bets.
IN BRAZIL: Mercado Bitcoin began a partial resumption, allowing users to check balances on its website. The positions shown still correspond to November 2.
MARKET OUTLOOK
The pressure reflects a combination of weakening demand for ETFs and deleveraging. The loss of important technical levels is increasing caution, but does not, on its own, determine the long-term direction.
The market needs to restore buyers’ confidence, not merely find price support.
#BTC #ETH #MercadoBitcoin #solana #ReschResearch
Bitcoin came under pressure again this Monday (9/11), reaching the US$ 73,7 thousand range after failing to recover above US$ 80 thousand.
The move comes amid a week of heavy institutional withdrawals: US Bitcoin ETFs recorded US$ 1,28 billion in net outflows, while more than US$ 1,15 billion in leveraged positions were liquidated over 24 hours, mainly bullish bets.
IN BRAZIL: Mercado Bitcoin began a partial resumption, allowing users to check balances on its website. The positions shown still correspond to November 2.
MARKET OUTLOOK
The pressure reflects a combination of weakening demand for ETFs and deleveraging. The loss of important technical levels is increasing caution, but does not, on its own, determine the long-term direction.
The market needs to restore buyers’ confidence, not merely find price support.
#BTC #ETH #MercadoBitcoin #solana #ReschResearch
