Bitcoin
Why Bitcoin is down 1.1% in the last hour
Analysis
Bitcoin slipped 1.1% over the past hour as risk sentiment remained pressured by ongoing spot ETF selling, with The Block reporting a sixth straight week of net outflows. At the same time, Bitcoinist noted BTC was rejected at a key resistance level, reinforcing near-term bearish momentum and downside targets.
Contributing Factors (3)
Bitcoin Volatility Debate Heats Up As Trader Warns Of Leverage Risk
Bitcoin volatility remains in focus as traders track leverage risk and liquidation-driven moves around the $65,000 area.
Spot bitcoin ETFs log sixth consecutive week of net outflows; analyst says selling wave is exhausting itself
US spot bitcoin ETFs saw $227 million in net outflows last week, extending the negative flow streak to six consecutive weeks.
Bitcoin Bears Eye $60,700 Target As BTC Rejects Key Resistance
Bitcoin rejected the $64,500-$64,700 resistance zone, with one analyst watching $62,200 and $60,700-$61,000.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.