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In the past 24 hours, BTC has decreased by nearly 5%, fluctuating around the level of 105,000 USD. The increasing risk aversion is pushing capital out of the spot market, indicating a decline in confidence among traders and institutions.
On the daily chart, the Relative Strength Index (RSI) of BTC has broken below the neutral level of 50, confirming that buying momentum is rapidly decreasing. At the time of writing, this index is at 48.85, trending downward.
