Market and derivatives data suggest Bitcoin may struggle to fall materially below its year-to-date low of $74,680. Cointelegraph explains why.
Key takeaways:
Bitcoin fell to $74,680 after futures market liquidations, yet derivatives data show no signs of panic or extreme bearishness.
Spot Bitcoin ETF outflows reached $3.2 billion, but represent less than 3% of assets under management.
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