Live updates: Traders say bitcoin sell-off from $65,000 points to thin volume, not panic selling

CoinDesk·

Live updates: Traders say bitcoin sell-off from $65,000 points to thin volume, not panic selling

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Traders attribute bitcoin's sell-off from $65,000 to thin volume, not panic selling, with ARP Digital's Yusuf Fakhro stating that the weakness reflects stalled participation. ETF flows have turned negative, CME open interest has returned to 2023 levels, and strategy idle for a fifth straight week, indicating a lack of investor enthusiasm for the cryptocurrency. Market participation remains stagnant.

ARP Digital’s Yusuf Fakhro said bitcoin’s weakness reflects stalled participation more than forced selling, with ETF flows turning negative, CME open interest back at 2023 levels and Strategy idle for a fifth straight week.