Bitcoin's recent price decline from $82,000 to $62,000 could extend further as institutional investors reduce risk exposure, according to BIT Official analysts. Over the past 30 days, net outflows from stablecoins, MicroStrategy, and Bitcoin ETFs have reached a record $8 billion, marking a significant shift from previous periods where inflows merely stalled. Analysts suggest that without major positive catalysts, such as a dovish Federal Reserve pivot, buying pressure is unlikely to recover, leaving limited upside potential for Bitcoin in the near term.
Bitcoin Faces Extended Downtrend Amid Record $8 Billion Outflows
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