BItcoin hits 6-month low as AI fears add to risk-off mood: How are pro traders positioned?
The weakness in the AI sector contributed to the crypto market downturn, as spot BTC ETF outflows and isolated selling sent Bitcoin price to a six-month low.
Key takeaways:
Bitcoin softened as tech sector weakness spilled into crypto markets, reducing risk appetite and limiting demand for bullish leverage.
Persistent spot Bitcoin ETF outflows and targeted sales from a 2011 holder exacerbated downward pressure.
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