Svmuu News Bitcoin The price stood at approximately $63,020 on Friday, down 1.7% on the day and 50% below the record high of $126,080 set in October. Bitcoin On Wednesday, the price failed to hold above $65,000, dropping to $62,640 during the session and breaking through the $64,500 put wall associated with this week’s options expiration. 
Glassnode data shows that over 65% of the inflows into exchanges—Bitcoin—came from long-term holders selling at a loss. The firm noted that this reading aligns with early bear market phases, during which this group dominated the selling side until selling pressure gradually subsided. 
Tim Sun, a senior researcher at Hashkey, said that the global stock market pullback and the accelerating deleveraging of semiconductor and AI-related assets have cooled market risk appetite and prompted institutions to reduce their exposure to Bitcoin. He noted that the derivatives market shows no signs of leverage crowding, and selling pressure is primarily concentrated in the spot market. Following net outflows of $425 million on Monday, the U.S. spot-Bitcoins ETF saw net inflows of $181 million on Tuesday and $108 million on Wednesday. Since its launch in 2024, the fund has attracted approximately $51 billion in total capital. (Decrypt)