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Crypto

Bitcoin Defies $225M ETF Outflows, Eyes Recovery to $67K

Guavy AI Editorial Team
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BTC
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Despite heavy outflows from U.S. spot Bitcoin ETFs totaling $225.18 million, the price of Bitcoin has remained above a critical support zone at $64,161.85.

The recent decline comes after several days of positive inflows into these ETFs, which are valued at $78.82 billion with cumulative net inflows of $51.63 billion.

Crypto analyst Lennaert Snyder believes that the bullish setup for Bitcoin remains intact despite the recent dip below $65K, citing the 'long after the sweep' strategy as active and recommending a potential recovery toward $67K-$68.1K.

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