Bitcoin fell to $67,000, putting pressure on a concentration zone of holdings worth $57 billion. Coinbase Institutional estimates that 855,000 BTC last changed hands at prices between $65,000 and $68,000. Data from Farside Investors shows that U.S. spot Bitcoin exchange-traded funds recorded net outflows for five consecutive trading days, totaling $1.065 billion. Glassnode found that some large wallets are accumulating, but warned that some buy orders were withdrawn during the sell-off. Persistent inflation and further selling could push Bitcoin below $65,000, leaving investors in the concentration zone facing greater unrealized losses.
