Bitcoin Tests $63K as Long-Term Holders Sell at a Loss

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Bitcoin traded near $63,020 on Friday, down 1.7% on the day and 50% below its October record, per CoinGecko data. Glassnode data shows more than 65% of coins flowing into exchanges are long-term holders realizing losses. Farside Investors data shows U.S. spot Bitcoin ETFs returned to inflows on Tuesday and Wednesday after a $425 million outflow on Monday.
BTC-0.64%
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