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Bitcoin Price At Risk of 75% Correction as Whales Sell Off $2 Billion in BTC
- Bitcoin price teases below $59k, closing below 50 and 200-day Moving Averages.
- Crypto whales have sold over 30k BTCs in the past three days, worth nearly $2 billion.
- US spot Bitcoin and Ether ETFs registered net cash outflows, indicating selling pressure.
- Use of leverage trading in the crypto space reaches yearly high, suggesting higher volatility.
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