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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

$63,053.27

-0.04%

$63,053.27

-0.04%

(24s)

24h Volume

$2,468,497,651.99

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,094.00

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,322.29

Resistance 1$63,626.50

Price$63,094.00

Support 1$62,999.35

Support 2$61,363.17

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

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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