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$BTC is currently facing significant headwinds, hovering near the $61,000 level after a sharp decline earlier this week. The market sentiment remains decidedly bearish as long-term holders continue to liquidate positions amidst regulatory uncertainty. With over $4 billion pulled from spot ETFs recently, traders are bracing for continued volatility, with many betting on a potential dip below $60,000 this month. $BTC #BTCETFOutflowRecord #KalshiBTCPerps #IBITHits54B