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The US market has been selling massive amounts of Bitcoin since the beginning of the month.
Most of the selling is from index funds. Just yesterday, there was an immediate sale of Bitcoin worth $700 million.
I believe this selling is a redirection of liquidity from Bitcoin to other assets like stocks.
This is a continuation of the negative movement of index funds over the past 4 weeks, during which funds sold Bitcoin worth $6.5 billion.
$USDT $BTC $ETH
#SKHynixTopsKOSPIByMarketCap #MicronEarningsBeatExpectationsSharesRise #USMayPCEInflationRisesTo4.1%HighestIn3Years