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Bitcoin Forms a Bearish Pennant Pattern
Bitcoin price remained in a consolidation phase on Monday as traders waited for a major catalyst. The BTC/USD pair was trading at 87,468, inside a range it has been stuck at in the past few day. Bitcoin ETF Outflows and Potential Rotation to Gold and Silver The BTC/USD pair has retreated in the past few days as it experienced substantial headwinds. One of them is that American investors have continued to sell their spot Bitcoin ETFs in the past few weeks. Data shows spot Bitcoin ETFs had outflows of over $175 million on Friday, bringing the cumulative weekly outflows to over $506 million, much higher than the ... (full story)
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