Bitcoin faces potential selloff as it nears $60,000 support

coindesk.com

Bitcoin is approaching a critical $60,000 support level amid record ETF outflows, threatening a significant selloff. This price point is crucial for institutional investors and derivatives markets, as many bought Bitcoin within this range, risking mounting losses and forced selling. A break below $60,000 could trigger accelerated selling due to hedging by market makers and cascading liquidations of leveraged positions.


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Bitcoin faces potential selloff as it nears $60,000 support | News Minimalist