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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

$84,017.97

+0.16%

$84,017.97

+0.16%

(24s)

24h Volume

$15,631,364,921.66

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

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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