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Bitcoin corrected 7% after a surge towards $76,000 amid geopolitical and inflation pressures, but strong spot ETF demand and low leverage keep bullish momentum intact with low liquidation risks.
Bitcoin exchange reserves have dropped to the lowest since 2018 amid ETF approvals and corporate buying, signaling a potential supply shock and supporting price rallies above $70,000.
Bitcoin recently dropped about 30% from its record high, prompting a downward revision of bullish targets. Despite short-term weakness, long-term outlook remains positive driven by ETF demand and por…