BUSINESSR/CRYPTOMARKETS
BTC Just Dropped from 81.6k to 79.6k — Was It the $364M ETF Outflow Data or a Technical Break? Trying to Understand the Causality.
Bitcoin's price dropped from $81.6k to $79.6k, possibly due to a $364M ETF outflow or a technical break below the $79.9k support level. The market is waiting to see if today's ETF data will show a reversal. The distinction between the two possible causes may matter for understanding the next move.