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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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👉 Bitcoin: A fall below $50,000 before the Bull Run?📊🤔
✔️Bitcoin, the cornerstone of the cryptocurrency market, is facing unprecedented turmoil in 2024. CryptoQuant CEO's recent revelations about the "Max Pain" price level and slowing Bitcoin ETF net flows raise concerns questions about the immediate future of the main cryptocurrency.
👉 A clear slowdown in Bitcoin ETF flows, a bad omen?
✔️Data provided by CryptoQuant CEO Ki Young Ju points to a significant slowdown in net capital flows into spot Bitcoin exchange-traded funds (ETFs). This revelation is rattling investors, suggesting that confidence in Bitcoin's continued growth may be eroding. Sell signals are emerging as market participants begin to take profits. Thus creating downward pressure on the price of BTC. The possibility of a major correction, as indicated by the 📉$51,000 “Max Pain” price level revealed by Ki Young Ju, is weighing heavily on market sentiment, prompting investors to remain vigilant in the face of increased volatility.
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