🙁 #Bitcoin is down again, but not by much — let’s figure out what's going on

#Lookonchain believes that the drop below $60,000 is due to institutional investors ceasing to accumulate #USDT.

The insufficient inflow of stablecoins to exchanges indicates a lack of buying pressure, but with the start of the new week, funds may begin taking advantage of the #BTC drop to accumulate it, which would bring new capital into #ETFs.

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#Opinion