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Bitcoin Plummets Below $64K Amid Historic Negative Sentiment and ETF Outflows

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Source: CoinDesk
Bitcoin Plummets Below $64K Amid Historic Negative Sentiment and ETF Outflows
Photo: CoinDesk
TL;DR

Bitcoin's price has dropped to a five-week low of $63,700 amid a historic level of negative sentiment, with indicators showing extreme fear and disinterest among traders. Despite this, some analysts suggest that whale accumulation and trader fatigue could lead to a price bounce. Google Trends data also indicates a decline in retail search interest for Bitcoin, and significant outflows from U.S.-listed Bitcoin ETFs have been observed.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#google-trends#market-sentiment#price-decline#whale-accumulation
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  1. Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment  CoinDesk
  2. Bitcoin liquidations spike as price drops below the $64,000  The Block
  3. Bitcoin price today: Drops to $63.6K amid substantial ETF outflows, strong dollar By Investing.com  Investing.com
  4. Will bitcoin drop below $50000?  TheStreet
  5. Bitcoin is facing a rare 'extended level' of FUD on X — Santiment  Cointelegraph

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