Bitcoin falls below its 200-day moving average, USDT market cap shrinks by $6.6 billion in 60 days.
Original headline比特币跌破 200 日均线，USDT 市值 60 日减少 66 亿美元
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Bitcoin fell below its 200-day moving average of roughly $73,100 as market liquidity and institutional demand weakened. USDT's market capitalization shrank by $6.6 billion over the past 60 days, more than double the contraction seen in the comparable period after the FTX collapse, according to CryptoQuant data cited by BeInCrypto. US spot bitcoin ETFs recorded $1.28 billion in net outflows last week and about $201 million on Monday. The loss of the 200-day average matters as a signal of fading institutional support, with traders watching whether bitcoin reclaims that level to ease short-term pressure or breaks the $72,165 support, which could open a move toward $68,000.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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Bitcoin (BTC), USDT, CryptoQuant, BeInCrypto, FTX
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