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Bitcoin Tests $80,000 as Asian Flows Weaken and Hong Kong ETFs Stay Dormant
Bitcoin traded below $80,000 at the Hong Kong open, while Glassnode said price action remained capped below the $80,700 short-term holder realized price. Hong Kong’s three spot Bitcoin ETFs held $319.48 million in net assets with daily turnover often below $2 million, as Presto Research and Enflux pointed to weak Asian participation.