Bitcoin slips to $83,754 as high leverage and weak ETF demand weigh
- —BTC at $83,754.50, down 2.13% on the day and 33.61% from its record high
- —Daily volume of $34.8 billion is 15.61% above the 30-day average
- —Price sits below SMA-5, SMA-7, SMA-10 and SMA-15 but above SMA-30, 50 and 200
- —RSI at 54.9 with a bearish MACD offers no confirmed directional signal
Why it matters: Elevated leverage and fading ETF inflows raise the risk of sharp moves, while holding above the 200-day average keeps the medium-term structure intact.
Source: DiarioBitcoin