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Bitcoin (BTCUSD) Dips Toward $50,000 as Institutional Flows and Long-Term Holder Selling Weigh

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The Story

News Summary

  • Bitcoin faces continued downside risks with price near $66,000, pressured by weak institutional demand and bearish technical patterns.
  • Standard Chartered warns it could drop toward $50,000 amid declining ETF flows and persistent selling by long-term holders, suggesting further near-term losses.
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BTCUSD price history

75626.25 +12.88% over the displayed period

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