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Anndy Lian: Bitcoin absorbs $1.28 billion ETF exit and stabilizes near $75,000

Anndy Lian: Bitcoin absorbs $1.28 billion ETF exit and stabilizes near $75,000
Bitcoin stable after $1.28 billion ETF exit

Bitcoin withstood a $1.28 billion exit from exchange-traded funds and remained stable around $75,000, after briefly touching its lowest level since August.

Anndy Lian highlighted that most people anticipated a cascade following the ETF withdrawal, but this did not occur. He noted that Bitcoin stabilized at the $75,000 psychological level and continues to hold its 200-day moving average.

Earlier, Anndy Lian called on the crypto industry to focus on innovative solutions rather than relying on existing wrappers, according to a previous commentary. He has also argued that marketing is a fundamental component for crypto projects, challenging claims that active promotion signals trouble, as noted in a recent article. Lian's recent comments add to his ongoing observations on sector dynamics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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