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Bitcoin’s Last Line of Defense is Cracking, and There are No Buyers Below It

Bitcoin’s Last Line of Defense is Cracking, and There are No Buyers Below It
AI summary

Bitcoin has broken below a key support level, with the article warning there are few buyers underneath. It cites a shrinking Tether supply and $696 million in ETF outflows as signs of deteriorating demand. Traders should watch whether BTC can reclaim the broken level, since losing it could open further downside.

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