Investor sentiment could be improving, reducing selling pressure, after the latest panic over recession risks in the US.
Short and long liquidations remain flat, indicating potential investors' caution and uncertainty about the cryptocurrency's direction.
Recently, the Bitcoin ETFs saw significant outflows with over USD 148 million leaving the funds yesterday, registering a third session of outflows.
Some ETFs recorded a string of inflows which could signal an interest in the asset. Stronger inflows could alleviate concerns about the direction of cryptoassets in general.
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