Institutions are frantically fleeing, is Bitcoin unable to hold up?


On May 19th, the US Bitcoin spot ETF saw a single-day net outflow of $649 million, hitting a new high since the end of January, with major institutions like BlackRock and Fidelity leading the cut for three consecutive days.
Worse still, over 72k BTC were dumped into exchanges in the past two days, instantly fueling panic.
Dragged down by the sharp decline in US tech stocks, BTC has already fallen below $77,000, and the entire market is gradually dropping!
The current situation favors the bears; do not blindly buy the dip.
Next, keep an eye on the 76,148 support level—if it breaks, there’s more room to fall; if you want a rebound, it must strongly rise back above 78,748! $BTC ‌#TradFiTradingChallenge
BTC0.8%
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