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via Cointelegraph · By Cointelegraph Staff

$176B Crypto Crash: Bitcoin ETF Outflows And AI Stock Pivot Trigger Bear Run

BTC

BTC/USDT

$62,491.91

-3.83%

$62,491.91

-3.83%

(24s)

24h Volume

$19,533,122,710.07

24h H/L

$65,146.00 / $61,938.00

Change: $3,208.00 (5.18%)

Long/Short

68.5%

Long: 68.5%Short: 31.4%

Funding Rate

-0.0020%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,543.88

▼ -2.31%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,671.00

Resistance 1$62,914.47

Price$62,543.88

Support 1$61,834.89

Support 2$60,591.46

Support 3$59,162.41

Pivot (PP):$62,919.09

Trend:Downtrend

RSI (14):36.9

Cointelegraph Staff

(09:16 PM UTC)

1 min read

Updated byDavid Kim

1012 views

0 comments

Key takeaways:

Bitcoin's sharp 8% drop triggered $1.5 billion in forced liquidations, ending a tight two-month small-cap correlation.
Worsening market sentiment was driven by $2.1 billion in Bitcoin ETF outflows and rising fears of a Federal Reserve interest rate hike.

Bitcoin (BTC) faced a sharp 9% drop over 48 hours, hitting the $67,000 support for the first time in two months. This correction…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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