Bitcoin falls to $62000, with a 16% drop from its high point
Affected by profit taking of AI concept assets and a decrease in market risk appetite, the price of Bitcoin fell to about $62000, a cumulative drop of nearly 16% from last week's high of $74000. Market analysis suggests that if it falls below the $60000 mark, the next key support level may be around $55000. In addition, the US spot Bitcoin ETF has had a net outflow for 15 consecutive trading days, with a total size exceeding $4.7 billion. Strategy disclosed this week that it has sold Bitcoin for the first time since 2022, weakening market expectations for institutional buying.