Bitcoin’s price slumped 2.7% to $105,000 in the past 24 hours due to decreased investor demand. The falling price triggered $210 million worth of long BTC liquidations. The bearish divergence from the RSI suggests a reduction in bullish momentum. There’s also concern about a possible slowdown in large investor acquisition. The upcoming US-China trade talks have also contributed to the drop in Bitcoin’s value. High outflows from spot Bitcoin ETFs suggest a shift in institutional investors’ interest, adding more pressure on the market.
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