Bitcoin Dips Below $80K as ETF Inflows Surge
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Bitcoin faced rejection at the $82,800 resistance level, leading to a pullback below the $80,000 mark. However, a significant weekly inflow of $1.105 billion into spot Bitcoin ETFs suggests institutional demand remains robust. This influx of capital may help absorb selling pressure and prevent a deeper correction. While short-term volatility persists, the strong ETF flows could signal that the current dip is a buying opportunity for institutional investors. Market participants should monitor whether Bitcoin can reclaim the $82,800 level to confirm bullish momentum.
Read full article on CoinTelegraph
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