TechFlow news, November 5 — According to The Block, Julio Moreno, Head of Research at on-chain analytics firm CryptoQuant, said that if Bitcoin fails to hold the $100,000 support level, its price could drop to $72,000 within one to two months. Bitcoin has already fallen below $100,000, trading around $100,800, down more than 5.2% in 24 hours. Since the largest liquidation event in crypto history occurred on October 10—when over $20 billion in leveraged positions were wiped out—market demand has continued to shrink, U.S. ETF flows have turned negative, and overall market sentiment has turned bearish. Despite short-term pressure, analysts believe the long-term trends of ETF inflows and institutional adoption remain strong.
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