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RegulationSource: Crypto Economy ·

Bitfinex Says ETF Outflows Test Bitcoin at $77K

Bitcoin recovered into the $77,000-$80,000 support band after testing its $75,839 short-term holder cost basis, but Bitfinex says the rebound remains leverage-driven. U.S. spot Bitcoin ETFs recorded $1.16 billion in net outflows from October 30 to November 2, while BlackRock’s IBIT lost $405.3 million.

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