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via Cointelegraph · By Cointelegraph Staff

Bitcoin Price Risks Plunging to $30K as Institutions Dump 450% of Daily BTC Supply

BTC

BTC/USDT

$64,427.41

+0.45%

$64,427.41

+0.45%

(24s)

24h Volume

$4,827,144,933.92

24h H/L

$64,475.28 / $63,810.00

Change: $665.28 (1.04%)

Long/Short

65.4%

Long: 65.4%Short: 34.6%

Funding Rate

+0.0005%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,402.00

▲ 0.41%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,562.78

Price$64,402.00

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,277.48

Pivot (PP):$64,562.78

Trend:Uptrend

RSI (14):50.8

Cointelegraph Staff

(01:11 PM UTC)

1 min read

Approved byEmily Watson

1268 views

0 comments

Bitcoin (BTC) faced renewed risks of a breakdown toward $30,000, according to a new analysis, as institutional demand turned deeply negative.

Key takeaways:

Data shows institutions are offloading around 450% of the daily BTC supply.
Bitcoin risks slipping below $30,000 if supply absorption remains weak.

Institutions are selling almost 2,000 BTC per day

Capriole Investments’ institutional buying…

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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