BITCOIN FACES 3 HEADWINDS AS THE CRYPTOCURRENCY SITS 28% BELOW RECORD HIGH
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βοΈ Bitcoin struggles to gain momentum as it heads towards its worst month since June 2022, with three key challenges emerging: outflows of exchange-traded funds, slowdown in stablecoin minting activity, and long-term holders selling into the downturn.
π Outflows of exchange-traded funds (ETFs) have reached $3.5 billion π Slowdown in stablecoin minting activity π Long-term holders selling into the downturn
-- #MarkusThielen #NicolaiSΓΈndergaard #InesFerre #DavidHollerith #technology
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