🟠 Bitcoin $BTC loses key support level as ETF funds record major net outflows
📌 Bitcoin is currently facing intense selling pressure after breaking through key support levels. This is happening amid a lack of buying demand at lower price levels, making investors more cautious.
📌 One of the main reasons behind the decline is the drop in the supply of Tether $USDT, limiting immediate liquidity for buy orders. At the same time, capital flows from Bitcoin ETFs have also fallen sharply, with net outflows reaching $696 million.
💬 What do you think about this development? Let’s discuss!
#Bitcoin #CryptoNews
🔗 Source: BeInCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Bitcoin is currently facing intense selling pressure after breaking through key support levels. This is happening amid a lack of buying demand at lower price levels, making investors more cautious.
📌 One of the main reasons behind the decline is the drop in the supply of Tether $USDT, limiting immediate liquidity for buy orders. At the same time, capital flows from Bitcoin ETFs have also fallen sharply, with net outflows reaching $696 million.
💬 What do you think about this development? Let’s discuss!
#Bitcoin #CryptoNews
🔗 Source: BeInCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).