Bitcoin tanks below $63,000 for the first time since February as price selloff deepens
Crypto
Bitcoin has broken below $63,000 for the first time since February, with the selloff deepening and fear gauges rising as traders rush for protective options. ETF outflows of $500M signal institutional de-risking, and the momentum is clearly bearish with no obvious technical floor yet established.
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Angle
↓ SHORT-8% target+4% stop1-2 weeks
Short BTC / reduce MSTR and spot ETF exposure here — the $63K break is a technical breakdown with ETF outflows accelerating, target $58K next support.