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BTC Market Pulse: Week 38
Published Source: Glassnode InsightsRead original
Crypto Insight Summary: Bitcoin slips to $76.8k, down 4.4% on the week. Spot and perpetual selling, ETF outflows and a negative volatility spread weigh on the market, while capital inflows and elevated profitability keep it balanced. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: BTC price drop due to ETF outflows and selling pressure.