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Bitcoin Selling Pressure Gauge Enters High-Risk Zone Amid ETF Demand Slump

Bitcoin Selling Pressure Gauge Enters High-Risk Zone Amid ETF Demand Slump
The Bitcoin (BTC) selling pressure gauge has moved into a 'high-risk' zone, signaling increased potential for price declines. This shift comes as demand for spot Bitcoin ETFs slumps, reducing a key source of buying pressure. The metric, which tracks the ratio of coins moved to exchanges versus those withdrawn, indicates that more BTC holders are preparing to sell. Analysts warn that if ETF demand continues to weaken, Bitcoin could face further downside risk in the near term. However, long-term holders remain resilient, with many viewing the current levels as a buying opportunity.
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