CryptoQuant: Bitcoin needs a break above $81,700 to confirm a bull market
- —BTC fell to $76,452, then recovered to $77,526, a weekly loss of 2.6%
- —BTC market cap is $1.55 trillion
- —CryptoQuant: a break above $81,700 is needed for a bull market
- —Outflows from U.S. spot Bitcoin ETFs totaled $462.7 million for the week
Why it matters: The $81,700 level is a key trigger for a shift in sentiment, while continued ETF outflows weigh on the price.
Source: Crypto News Australia