CoinScoopBitfinex: Bitcoin Drops Below Trading Range, Needs Volume to Reclaim $77,100
Bitcoin (BTC) broke below its $77,100–$81,300 trading range, closing at $75,702 on Tuesday. Bitfinex reports that the decline was accompanied by $450.4 million in net outflows from US spot ETFs and a surge in BTC deposits to exchanges from short-term holders. Reclaiming the $77,100 level with significant spot volume is required to invalidate the current bearish outlook.
Summaries are written by AI from the original article. Not investment advice.