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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
$62,638.01
+0.13%
$62,638.01
+0.13%
(24s)24h Volume
$8,819,315,483.27
24h H/L
$63,461.99 / $62,436.59
Change: $1,025.40 (1.64%)
Long/Short
61.6%
Long: 61.6%Short: 38.4%
Funding Rate
+0.0040%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(01:11 PM UTC)
1 min read
1268 views
0 commentsBitcoin (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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