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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

$79,650.68

-1.81%

$79,650.68

-1.81%

(24s)

24h Volume

$17,679,000,981.55

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0011%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

Cointelegraph Staff

(01:11 PM UTC)

1 min read

Approved byEmily Watson

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…

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Source

Cointelegraph Staff · Cointelegraph

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