Bitcoin is showing renewed selling pressure after failing to break above $65,000, with BTC currently trading near $64,200. On-chain and institutional data point to weakening demand: exchange balances have climbed, miner reserves continue to decline, Bitcoin ETF flows have turned negative, and the Coinbase Premium remains below zero, suggesting weaker buying interest from U.S. investors. The article questions whether Bitcoin can defend its current support or face another leg lower.
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