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Bitcoin Bleeds $719M But Outflows Lack Short Bets Signaling Weak Bearish Conviction
Related Cryptocurrencies
BTC
Bitcoin
$115,113
+1.36%
SOL
Solana
$211.14
+1.24%
XRP
XRP
$2.87
+0.00%
TL;DR
Bitcoin experienced a significant outflow of $719 million, but the lack of short bets suggests weak bearish sentiment. Solana and XRP saw notable inflows despite the overall crypto market downturn.
Summary
Bitcoin experienced a significant outflow of $719 million, but the lack of short bets suggests weak bearish sentiment. Solana and XRP saw notable inflows despite the overall crypto market downturn.
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