[Morning News Briefing] Bitcoin Enters Range Where 855,000 BTC Moved, and More
Original headline[모닝 뉴스브리핑] 비트코인 85만5000개 이동 구간 진입 外
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Bitcoin fell 13.5% over the week to around $65,000 before trading at $67,105.61, entering the $65,000–$68,000 range that Coinbase Institutional estimates holds the last 855,000 BTC to change hands. U.S. spot bitcoin ETFs recorded $1.0653 billion in net outflows over the five trading days from Nov. 9 to Nov. 13, pressuring sentiment alongside the price drop. The move matters because this band represents the final major on-chain cost basis for recently moved coins, making it a key test of whether holders defend the level or capitulate. Watch whether ETF flows stabilize and whether BTC can hold above $65,000 to avoid confirming the range as resistance.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), Coinbase Institutional, James Check, CryptoSlate
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