⭕️$94K Support Is Traders’ Last Bastion to Maintain Uptrend 🔸 Bitcoin (BTC) price entered its first bearish pattern since February on Thursday, falling below the $98K support level. The downtrend continued on Friday, reaching $94,500. This level brings Bitcoin closer to the $93,500 threshold, the starting point of the 2025 annual candle.
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⭕️Bitcoin ETFs Had a Negative Week 🔸 Bitcoin ETFs in the US saw more than $1.2 billion in outflows this week. BlackRock’s Bitcoin ETF saw the most outflows at $268.6 million.
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⭕️ Altcoins Collapse as Bitcoin Falls Below $110K 🔸With Bitcoin’s price falling below $110K, the altcoin market faced intense selling pressure, leading to the liquidation of over $1.1 billion in long positions yesterday. 75% of these losses were in altcoins, with nearly 45% of them coming from Ethereum alone, which fell below $4,000.
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