From Investing.com: 2024-06-11 10:30:25

Bitcoin has struggled to stay above $70,000 due to a combination of factors. Liquidation heatmap data reveals significant sell-offs at key levels, contributing to price declines. Additionally, U.S. Bitcoin ETFs saw a net outflow of $64.93 million, indicating a shift from accumulation to profit-taking. Overall market enthusiasm has declined, with recent outflows suggesting a negative trend despite previous inflows totaling $15 billion. Funds like Bitwise’s BITB and BlackRock’s IBIT have recorded net inflows, reflecting a mix of sentiment among institutional investors.

Read more at Investing.com: Three Key Reasons Why Bitcoin (BTC) Is Below $70,000 By U.Today