đš BITCOIN MARKET UPDATE | $BTC
Bitcoin just experienced what many are calling âthe rally that wasnâtâ, dropping around 13â14% this week to approximately $62,400, its lowest level in over two months.
This move comes amid:
âą $4.21B ETF outflows over 3 consecutive weeks
âą Strategy reportedly selling 32 BTC for the first time since 2022
âą Rising oil prices fueled by geopolitical tensions
âą Increasing fear across the market
Long-term holders are also showing stress, with about $1.35B in daily realized losses â a sign of strong capitulation.
đŹ Is this a breakdown into deeper correction⊠or the discount zone smart money has been waiting for? $ZEC