Bitcoin Holds Near $84,000 Despite ETF Outflows and Geopolitical Risk
- —Bitcoin holds above $77,000 despite over $190 million in liquidations
- —US spot Bitcoin ETFs saw nearly $4.4 billion in outflows from May to June
- —About $1.3 billion returned to ETFs in five days, the largest since early July
- —The $84,000–$85,000 zone is the biggest supply cluster for long-term holders
Why it matters: Holding $77,000 keeps the shallow-bear scenario intact, while a break above $84,000–$85,000 opens the path to the $96,700 MVRV average price.
Source: Blockhead