Key facts: Long-term Bitcoin holders sell off; $30,000 drop warned; ETFs gain $1B
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Long-term Bitcoin holders have sold more in the past three months than since January 2024, contributing to the recent price drop attributed to significant selling activity.
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Analyst Willy Woo warned Bitcoin could drop to $30,000 amid worsening macro conditions, with $16,000 as key support. Current bearish sentiment may lead to sideways trading before a rebound.
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U.S. spot Bitcoin ETFs gained over $1 billion in net inflows this week, peaking at $506.51 million. The iShares Bitcoin Trust ETF led with $276 million, while others saw outflows.
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source: https://www.tradingview.com/news/tradingview:0705ed0add1aa:0-key-facts-long-term-bitcoin-holders-sell-off-30-000-drop-warned-etfs-gain-1b/
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