Bitcoin, Ethereum, XRP, Dogecoin Face 'Monday Flush'
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Cryptocurrency markets are experiencing a downturn, with Bitcoin's weakness impacting altcoins. In the last 24 hours, 157,290 traders were liquidated, totaling $806.63 million. Notably, Bitcoin ETFs saw $23.2 million in outflows, while Ethereum ETFs had $341.2 million in inflows. Analysts suggest Bitcoin is in a distribution phase, with significant whale selling and ETF outflows. Some traders see current levels as support, while others anticipate a potential bounce if key areas are reclaimed. Overall, the market sentiment remains cautious amid these developments.
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