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Bitfinex Warns of $14B Stablecoin Exits Threatening Bitcoin Rally

Guavy AI Editorial Team
Instruments
BTC
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Bitfinex has raised concerns about Bitcoin's price stability due to a significant outflow of stablecoins, totaling $14 billion since mid-May. This trend could hinder Bitcoin's ability to sustain its current price levels near $64,000.

The lack of fresh capital could limit Bitcoin's upward momentum, making traders cautious of potential volatility in the market.

Traders are closely monitoring this situation as the Fear & Greed Index reflects uncertainty among investors.

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