Bitcoin's Rally Loses Steam: $1.03B Profit-Taking Triggers $409M ETF Exodus
Bitcoin's price rally is showing signs of fatigue after traders booked a staggering US$1.03 billion in realized profits, according to on-chain data.
The profit-taking wave coincided with a sharp $409 million outflow from Bitcoin-linked ETFs over just nine days in October, raising concerns about near-term market sentiment and the sustainability of the current uptrend.
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