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Bitcoin (BTCUSD) Bears Intensify Amid $910M ETF Outflows and Growing Downside Protection Costs

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Professional traders show growing caution on Bitcoin as $910 million ETF outflows and a 13% premium on downside protection signals bearish sentiment.
  • Bitcoin struggles to hold $66,000 support with traders expecting potential retest near $60,000 despite strength in stocks and gold.
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BTCUSD price history

77606.95 +17.80% over the displayed period

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