Bitcoin briefly plunged to around $67,600, a three-month low, before recovering to $69,300, representing a 10% weekly decline. On November 13, the Fear and Greed Index fell to 20, its lowest level since early June, signaling “extreme fear” across the market. This climate may indicate seller exhaustion and create a buying opportunity for investors. However, the sale of 34,000 BTC by large investors, valued at roughly $2.6 billion, and substantial outflows from spot ETFs are adding downward pressure to the market.
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