5 `$ i, f0 q& U1. Bitcoin miner Riot sold 3,778 BTC during Q1 amid profitability pressures3 a" L( J) b. P1 F5 F
7 h3 z2 g9 [, s0 JArkham also flagged a 500 Bitcoin outflow from Riot on Thursday, while MARA Holdings, Genius Group and Nakamoto Holdings sold a combined 15,501 Bitcoin in the last week. 5 w0 W# d3 h2 ?: F% m0 g/ ]$ { , y4 c+ I" M7 R( [5 d7 O' w2. New Bitcoin price lows on the table until $76K becomes support 3 u6 {, I% A* M0 { + h9 J1 x: ]: [ [6 p. c& I1 qBitcoin data shows a series of bearish trading patterns that could usher in new price lows if the key support at $60,000 fails to hold. Here’s why bulls need a rally to $76,000./ R+ `9 q& M9 Z4 |# W. [* @
7 Y& J5 _6 _# ~. U+ \3 @9 W* Z- s3. Rocky US economy, private credit stress, war, impact Bitcoin’s odds for $75K rally& e5 E5 J; `' l. p
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Are Bitcoin’s odds for a rally to $75,000 diminished by a weakening US economy, the war in Iran and multiple institutional BTC holders selling in the open market? ! y: ~/ `9 V6 `, Q- J6 e3 g; X E" i2 x. S) \1 c 4. Bitcoin holders face $600B in unrealized losses as BTC price slips to $66K0 V% L7 G f8 ^" I0 F
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About 44% of Bitcoin's circulating supply trades underwater at $66,000 with weak spot demand weighing on market sentiment. 2 @0 O, e- K9 |- V1 K; x ; n$ B' B2 R* I1 y! L8 k5. Bitcoin hits weekly low on oil fears as analyst teases $10K BTC price target 0 h" h3 o; D7 o9 t. D3 O0 a) V0 w0 E5 n) F2 m
Analysis warned that Bitcoin risked falling to $10,000 in the long term as BTC price action fell with US stocks thanks to oil-supply concerns./ e3 `- A8 Q$ I2 b# W