CoinEx Daily: Bitcoin Faces Strong Resistance at $90,000 amid Record ETF Outflows and Bearish Sentiment
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Bitcoin is under pressure after experiencing its worst month in nearly three years, with $3.7 billion in ETF outflows and small wallet holders continuing to reduce exposure. Galaxy Digital executives note a firm resistance at $90,000, suggesting the top may have formed for this cycle. Macro risks also weigh, as US retail sales data may impact expectations for a December rate cut.
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