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Bitcoin (BTCUSD) Plunges as ETF MVRV Drops Below 1, Sparking Fears of Intensified Sell-Off

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The Story

News Summary

  • Bitcoin price fell below the average realized price of ETFs, causing heightened sell pressure and negative sentiment among ETF investors.
  • Continued outflows and declining MVRV indicate sustained bearish pressure, with resistance expected near $80,000 and potential further downside ahead.
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BTCUSD price history

76790.61 +13.84% over the displayed period

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