Bitcoin just pulled back below some critical support levels, and for a moment there it actually erased all of its gains for the year. What triggered this? Nearly half a billion dollars—$490 million to be exact—flowed out of US Bitcoin ETFs. That's real capital leaving the market, and traders are now watching closely as the price approaches another test. The key zone everyone's eyeing right now sits between $80,000 and $84,000. If Bitcoin holds somewhere in that range, it could bounce back. But if it breaks below? That's when things could get interesting for the downside.
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ZenMiner
· 2h ago
490 million outflow has wiped out the entire year's gains, how fragile is that... Can 80,000 to 84,000 hold steady? I don't believe it.
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CryptoSurvivor
· 12h ago
490 million leaked? Someone's about to take a loss. The 80,000 to 84,000 hurdle is really a bottleneck.
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BlockchainBard
· 12h ago
A $490 withdrawal wipes out the entire year's gains... Isn't that too fragile?
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CryptoHistoryClass
· 12h ago
$490m leaving the ETFs... *checks notes* ah yes, the classic "this time is different" phase before the capitulation. history rhymes, doesn't it? we've seen this movie before, and the third act usually gets messy.
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JustHereForMemes
· 12h ago
490 million fleeing, it's really intense, but can it hold the 80-84k this time? Feels uncertain.
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SchroedingersFrontrun
· 12h ago
490 million dollars dumped, this time it's really selling off... Looks like ETF big players are also panicking.
Bitcoin just pulled back below some critical support levels, and for a moment there it actually erased all of its gains for the year. What triggered this? Nearly half a billion dollars—$490 million to be exact—flowed out of US Bitcoin ETFs. That's real capital leaving the market, and traders are now watching closely as the price approaches another test. The key zone everyone's eyeing right now sits between $80,000 and $84,000. If Bitcoin holds somewhere in that range, it could bounce back. But if it breaks below? That's when things could get interesting for the downside.