Bitcoin Faces Selling Pressure Amid Treasury Exodus
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Bitcoin is navigating a period of sustained selling pressure, with corporate treasury firms and US Bitcoin ETFs contributing to a notable outflow trend. This activity has intensified as BTC hovers near the $66,000 level, raising concerns about a potential deeper market retracement. The persistent divestment from these institutional holders reflects a cautious stance amid current market conditions.
Despite the selling pressure, market analysts interpret this development as a constructive market flush, primarily targeting speculative leverage that had accumulated during recent rallies. This correction is viewed as a necessary recalibration, potentially strengthening Bitcoin's foundation for future upward movements by removing overextended positions and fostering healthier price discovery.
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