Bitcoin trades around $73,500, down 8.5% over seven days, as US ETFs recorded a fourth consecutive session of outflows totaling $95 million on Tuesday. The stablecoin supply fell by $14.2 billion in thirty days to below $280 billion, a contraction comparable to the one recorded in 2022. Around 47,300 bitcoins were deposited on exchanges at a loss within twenty-four hours, representing $3.6 billion in forced selling, amid inflation above expectations and growing expectations of monetary tightening by the Federal Reserve. Options now point to increased bets on a drop below $70,000 by Christmas, while wallets holding between 100 and 10,000 bitcoins have resumed accumulating.
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