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BTCUSD Plummets as ETF Outflows Surge and MicroStrategy Divestment Risks Mount

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The Story

News Summary

  • Bitcoin faces severe selling pressure as spot ETFs record significant outflows.
  • Concerns are mounting over potential massive liquidations and MicroStrategy's strategy to divest holdings to cover liabilities.
  • Technical indicators signal further weakness with the price falling below key holder cost bases.
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BTCUSD price history

77946.52 +18.31% over the displayed period

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