Understanding the Market | Bitcoin concept stocks collectively declined as Bitcoin fell below $105,000 during intraday trading, with institutions showing a clear decrease in demand for Bitcoin
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Bitcoin concept stocks collectively fell, with YUNFENG FIN down 8.69%, Mi Strategy down 7.26%, BOYAA down 6.54%, and OKG TECH down 5.66%. The price of Bitcoin briefly fell below $105,000, with institutional demand significantly cooling. The founder of Capriole Investments pointed out that institutional demand has fallen below the new coin mining rate for the first time, suggesting that large buyers may be retreating. Glassnode data shows that the weekly net inflow of BlackRock's spot Bitcoin ETF was less than 600 coins, indicating an overall risk-averse tone in the Bitcoin market
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