Bitcoin is at risk of breaking a crucial support price level as US-based spot Bitcoin ETFs have continued to bleed red after the recent crypto market crash, according to analysts from Bitfinex.
“The lack of institutional accumulation has made the $107,000 to $108,000 zone increasingly difficult to defend as support,” Bitfinex analysts said in a report on Tuesday, noting significant net outflows after US President Donald Trump’s tariff announcement earlier this month.
Between Oct. 13…
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