$BTC #BTC Here's a 100-word update on **$BTCUSDT** as of mid-June 2025:
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Bitcoin ($BTCUSDT) is trading **near $67,500**, struggling to reclaim key resistance at **$68,800** amid persistent bearish pressure. Recent U.S. inflation data and Fed rate uncertainty triggered a 7% drop early this week, briefly pushing BTC below **$65,000**. Spot Bitcoin ETF flows remain mixed, with BlackRock’s IBIT seeing minor inflows while Grayscale’s GBTC faces renewed outflows. Technical indicators show weakening momentum, with the 50-day SMA crossing below the 200-day SMA ("death cross") — historically a bearish signal. However, whale accumulation near **$64,500** suggests strong support. Macro risks (geopolitics, USD strength) and low volatility urge caution. Critical levels: Resistance **$70K**, support **$64K**.
*(Word count: 100)*
### Key Drivers:
- **Macro Headwinds**: Fed rate cut delays → reduced risk appetite.
- **ETF Volatility**: Net outflows 3 of last 5 trading days.
- **Technical Sentiment**: Death cross pattern, RSI near oversold (42).
- **On-Chain Support**: 1.5M $BTC held at $64K-$65K (IntoTheBlock data).
Monitor $70K breakout for bullish reversal; loss of $64K risks fall to $60K. #btc
