Bitcoin is approaching the $77,000 support level as U.S. spot Bitcoin ETFs experienced a record $3.79 billion in outflows this November. On-chain data indicates significant accumulation at this level, with 171,617 BTC held, suggesting potential stabilization amid market pressures. Additionally, Robert Kiyosaki's sale of $2.25 million worth of Bitcoin at $90,000 has contributed to the selling pressure. The Federal Reserve's upcoming end to quantitative tightening in nine days may further impact Bitcoin's short-term volatility.
Bitcoin Nears $77K Support Amid Record ETF Outflows
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
