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Bitcoin held on exchanges has been steadily decreasing since the introduction of U.S. Bitcoin ETFs on January 10, with approximately 250,000 BTC leaving the exchanges. There has been a consistent outflow of funds from Bitcoin ETFs over the past six days. Market sentiment remains positive as consolidation around the previous cycle's all-time highs is seen as bullish. Bitcoin's price struggled to stay above $64,000, with fluctuations between $63,868 and $64,495 per unit in recent trading sessions.
Consolidation around previous cycle All-Time Highs before the massive run starts #Bitcoin $BTC https://t.co/wQk0uEp3BE
🧵On Sunday at 4 p.m. EDT on June 23, #bitcoin (BTC) struggled to maintain its position above the $64,000 mark, fluctuating between $63,868 and $64,495 per unit over the past day. In the last six sessions of spot bitcoin exchange-traded fund (ETF) trading, each day saw outflows.
$BTC/usdt WEEKLY The current $BTC weekly is a mirror image of the previous cycle's daily when both consolidated just below the previous cycles' all time highs. Remarkable. https://t.co/4fh10k7O3l https://t.co/RJh7Y0Tj9Y
