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CoinGape

CoinGape

Bitcoin price slipped nearly 4% today, indicating muted interest from the investors

CoinGape
Summary
Nutrition label

60% Informative

Bitcoin price slipped nearly 4% today , indicating muted interest from the investors.

Bitcoin miners continue to sell their holdings, weighing on the broader market sentiment.

US inflation data shows a spike in the prices, sparking concerns among investors over a potential hawkish move by the Federal Reserve .

US Spot Bitcoin ETF has noted robust inflow over last few days , sparking market optimism.

Bitcoin Futures’ Open Interest fell more than 3% , indicating a muted interest from the market participants.

In a recent X post, Ali Martinez said that $5.42 billion in Bitcoin profits had been realized as the price surged earlier.

This also put the sell-side risk ratio to 0.524% , highlighting caution for the investors.

Peter Brandt has recently said that BTC is poised to hit $ 327 K in the coming days .

VR Score

43

Informative language

36

Neutral language

46

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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