Bitcoin’s fall to $67,000 has put the cryptocurrency inside a $57 billion cost-basis cluster encompassing roughly 855,000 BTC held by investors. US spot Bitcoin exchange-traded funds recorded $1.065 billion in net outflows over five consecutive sessions, including $185.4 million on November 13, weakening institutional demand. At the same time, Glassnode data shows accumulation among wallets holding between 100 and 10,000 BTC, along with more resting buy orders than sell orders near the spot price on Binance and Coinbase. Persistent inflation and the risk of further Federal Reserve rate increases nevertheless threaten the recovery. A sustained break below $65,000 would undermine the support zone and deepen unrealized losses for investors within the cluster.
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