U.S. spot Bitcoin ETFs saw over $860 million withdrawn on Thursday, marking the second-largest outflow ever and adding pressure on Bitcoin’s price.
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Bitcoin has broken below the psychologically crucial $100,000 level, signaling that the bears are in full control. The next strong support on the downside is at $87,800. Key points:Bitcoin has broken below the psychological support at $100,000, opening the gates for a potential sell-off to $87,800.Several major altcoins are approaching their support levels but have failed to bounce with strength, increasing the risk of a breakdown.Read more