Shashika Prabashwara
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Baissier
🔹 Bitcoin Faces Volatility Amid ETF Outflows and Geopolitical Tensions.
Bitcoin's price has recently dipped to approximately $110,000, reflecting a broader market downturn triggered by escalating U.S.-China trade tensions. This decline has dampened the previously bullish sentiment associated with "Uptober."
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📉 ETF Outflows Reflect Market Uncertainty
On October 15, Bitcoin ETFs experienced $104.1 million in net outflows, reversing the gains made earlier in the week. Grayscale's GBTC led with $82.9 million in outflows, followed by Invesco's BTCO with $11.1 million, and BlackRock's IBIT with $10.1 million.
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⚠️ Market Outlook: Caution Advised
Technical analysis indicates strong support for Bitcoin around the $107,000–$109,000 range, with resistance levels near $114,000–$117,000. Given the current geopolitical climate and ETF outflows, a cautious approach is recommended for investors.
If you want daily professional crypto news like this, follow and react — more updates coming soon.
---#BTC #CryptoMarket #InstitutionalInvestors #CryptoTrends" #BlockchainUpdates #MarketAnalysis #BitcoinPrice #CryptoMarketAnalysis
$BTC
Bitcoin's price has recently dipped to approximately $110,000, reflecting a broader market downturn triggered by escalating U.S.-China trade tensions. This decline has dampened the previously bullish sentiment associated with "Uptober."
---
📉 ETF Outflows Reflect Market Uncertainty
On October 15, Bitcoin ETFs experienced $104.1 million in net outflows, reversing the gains made earlier in the week. Grayscale's GBTC led with $82.9 million in outflows, followed by Invesco's BTCO with $11.1 million, and BlackRock's IBIT with $10.1 million.
---
⚠️ Market Outlook: Caution Advised
Technical analysis indicates strong support for Bitcoin around the $107,000–$109,000 range, with resistance levels near $114,000–$117,000. Given the current geopolitical climate and ETF outflows, a cautious approach is recommended for investors.
If you want daily professional crypto news like this, follow and react — more updates coming soon.
---#BTC #CryptoMarket #InstitutionalInvestors #CryptoTrends" #BlockchainUpdates #MarketAnalysis #BitcoinPrice #CryptoMarketAnalysis
$BTC
Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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