Bitcoin Slips To $110,000, Ethereum, XRP, Dogecoin Slide 3% On Thursday

Bitcoin is back to $110,000 as weak ETF inflows and fading expectations of a December rate cut weigh on bullish sentiment.

Over the past 24 hours, liquidations totaled $829.46 million across 167,509 traders, with the Crypto Fear and Greed Index falling deeper into the fear zone at 34.

Spot ETFs saw sharp outflows, with Bitcoin funds losing $470.7 million and Ethereum funds $81.4 million on Wednesday.

According to Glassnode, the spike in ETF outflows reflects mounting sell pressure from TradFi investors and waning institutional demand.

Sitting On My Hands!

Michael van de Poppe noted that despite Bitcoin failing to hold the $112,000 level, the bullish “dip and higher low” …

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