Bitcoin outperformed traditional stocks this week, rising over 6% amid heightened global risk-off sentiment, driven primarily by significant institutional buying. A strategy fund raised $776 million to purchase over 11,000 Bitcoin, while US spot Bitcoin ETFs saw net inflows for five consecutive trading days totaling $767 million. Despite strong institutional demand, technical analysts warn that Bitcoin may face a bull trap. Bitcoin is currently in a bear flag pattern, and if it fails to break through the resistance level near $72,750, it could potentially decline to $51,000.

BTC1.18%

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