Bitcoin’s institutional support weakened as ETFs and companies dumped almost 2,000 BTC daily and Strategy’s buying lost momentum.
Technical Analysis
Bitcoin price may slide toward $30K as institutions dump 450% of daily BTC supply. ETFs and companies reportedly sold almost 2,000 BTC daily, weakening institutional support. This could impact both short-term and long-term market sentiment. What to watch next: institutions' future trading patterns and their reasons for selling.
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