Institutional funds buy the dip, driving Bitcoin to rebound 11% from the low point and climb back above $65,000
Bitcoin price rebounded to $65,000 after falling below $60,000, an increase of about 11%. Institutional funds have become a support for the rebound, and crypto hedge fund risk exposure has increased. Spot Bitcoin ETF trading volume has hit a record high. Analysis indicates that the $58,000-$62,000 range serves as short-term support; staying above this range may signal a temporary bottom.
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Bulls to the slaughter 🐂🔪