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Bitcoin (BTC) Price Drops to $65K, Sparking Fear and Selling Among Small Traders

王林
Release： 2024-06-16 15:47:31
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The cryptocurrency market is gripped by fear as Bitcoin has dropped to $65,000, its lowest value since May 16th. This decline has sparked a surge in mentions of selling or taking profit

Bitcoin (BTC) Price Drops to K, Sparking Fear and Selling Among Small Traders

Bitcoin’s price dropped to $65,000 on June 14, 2024, sparking fear among traders.

However, such sentiment could indicate potential buying opportunities.

Bitcoin whales sold over 50,000 BTC in ten days, contributing to the market volatility.

On the other hand, the Taker Buy Sell Ratio on HTX Global surged to 545, indicating strong buy pressure and bullish sentiment.

Bitcoin miners sold over 1,200 BTC, and considering the average mining cost of $86,668, the price could rebound.

The Bitcoin ETF net inflow on June 14 was -$190 million, while the entire trading week recorded a negative inflow of $581.4 million.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-btc-price-drops-k-sparking-fear-selling-traders.html

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source：kdj.com
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