TechFlow News, March 7: According to a Cointelegraph report, Santiment, a crypto sentiment platform, noted that after Bitcoin hit $74,000, “whales” sold approximately 66% of their recent purchases, while retail investors continued buying at lower prices. The “whales sell, retail buys” signal has historically indicated that the market correction is not yet complete. Bitcoin is currently trading around $67,984, and the Fear & Greed Index has dropped to 12 (“extreme fear”). Meanwhile, U.S. spot Bitcoin ETFs recorded a single-day net outflow of $348.9 million—the highest in three weeks. Analysts warn that if the price fails to hold the $67,000–$68,000 support range, further downside may occur; however, $60,000 is viewed as a key support level.
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