#GateStockInsightsChallenge The $78,300 threshold determines Bitcoin's short-term direction
The $78,300 level has emerged as a key factor for Bitcoin's short-term direction.
While large wallets accumulated 39,154 BTC over the past week, selling by small investors stood out.
Net inflows into spot Bitcoin ETFs reached $3.3 billion by August 28.
The loss of support between $77,200 and $77,400 increased the risk of a correction extending to $72,800.
After climbing as high as $81,500 during the recent rally, Bitcoin pulled back to the $79,000 range. This represents a gain of approximately 31% comp