📢📢↘️↘️Bitcoin (BTC) Falls 2.28% – Detailed Analysis Bitcoin declined 2.28% as selling pressure intensified across the cryptocurrency market, with BTC briefly trading near its lowest level in more than three months. Key Drivers Behind the Decline Spot Bitcoin ETF Outflows U.S. spot Bitcoin ETFs have experienced significant capital outflows in recent weeks, reducing institutional demand and weighing on market sentiment. Profit-Taking and Leveraged Liquidations Traders have been locking in profits after previous rallies, while falling prices triggered liquidations of leveraged long positions, accelerating the sell-off. Risk-Off Market Sentiment Investors remain cautious amid geopolitical uncertainty and expectations that interest rates could stay higher for longer, reducing appetite for risk assets such as cryptocurrencies. Institutional Selling Concerns News that major corporate Bitcoin holder Strategy sold a portion of its Bitcoin holdings raised concerns about institutional demand and added pressure to the market. Technical Levels to Watch Immediate Support: $65,000 Major Support: $60,000–$62,000 Immediate Resistance: $70,000 Major Resistance: $73,000–$75,000 Short-Term Outlook Bitcoin's short-term trend remains bearish as it trades below key resistance levels and market sentiment stays cautious. However, the $60,000–$65,000 range could attract buyers if selling pressure eases. A decisive break below $65,000 could increase the risk of a deeper correction, while a recovery above $70,000 would improve the near-term outlook for BTC. Bitcoin remains the dominant cryptocurrency by market capitalization, and its price action will likely continue to influence the broader digital asset market. #AnthropicFilesForIPO #HYPEStakingETFLaunch #USIranOilRisk