Does Bitcoin’s Drop Present an Opportunity?

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Bitcoin fell to $73,477 on Sunday evening, its lowest level since August, before briefly rebounding above $75,000. Around $1.12 billion in leveraged positions were liquidated within 24 hours, while selling pressure from short-term holders eased, with 9,900 BTC transferred to exchanges compared with 32,695 BTC three days earlier. Spot demand remains weak, and US spot Bitcoin ETFs recorded net outflows of $201 million, following $1.28 billion the previous week. Théo, from Crypto Stratège, says the decline could offer a medium-term entry point, but a break below $73,700 could drive the price toward $60,000–$66,000 in the short term.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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