$BTC is selling into weakness.🚨
Failure to reclaim $75K opened the door to a sharp drop below $73K.
Funds #etf recorded outflows of nearly $300 million in a single day, most of it from #blackRock .
This isn’t retail selling… it’s repeated institutional pressure for five consecutive days.
On top of that, Strategy’s removal from the #MSCI indices adds pressure on BTC treasury companies.
Now $72.7K is the dividing line; below it, $70K opens up as the next test zone.
But don’t forget: treasury companies are still buying, which means the picture isn’t entirely bleak.
The real question: Is $72.5K a temporary bottom… or the start of a new wave of liquidations?
What do you think?
#BTC
Failure to reclaim $75K opened the door to a sharp drop below $73K.
Funds #etf recorded outflows of nearly $300 million in a single day, most of it from #blackRock .
This isn’t retail selling… it’s repeated institutional pressure for five consecutive days.
On top of that, Strategy’s removal from the #MSCI indices adds pressure on BTC treasury companies.
Now $72.7K is the dividing line; below it, $70K opens up as the next test zone.
But don’t forget: treasury companies are still buying, which means the picture isn’t entirely bleak.
The real question: Is $72.5K a temporary bottom… or the start of a new wave of liquidations?
What do you think?
#BTC