Bitcoin is Facing Rising Selling Pressure: Can BTC Price Hold Its Key Support?
Bitcoin is showing renewed selling pressure after failing to break above $65,000, with BTC currently trading near $64,200. On-chain and institutional data point to weakening demand: exchange balances have climbed, miner reserves continue to decline, Bitcoin ETF flows have turned negative, and the Coinbase Premium remains below zero, suggesting weaker buying interest from U.S. investors. The article questions whether Bitcoin can defend its current support or face another leg lower.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at Cryptonews.net.
Entities in this story
Discussion
Comments are reviewed before publication.
Want the full article?
Continue reading on Cryptonews.net →
No comments yet.