Bitcoin Slide from $65K Driven by Low Volume, Not Panic Selling, Traders Say

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Bitcoin has experienced a notable price decline from the $65,000 level, but traders attribute the weakness to thin market participation rather than panic selling. Yusuf Fakhro of ARP Digital noted that the drop reflects stalled investor engagement across key market indicators. ETF flows have turned negative, signaling reduced institutional appetite for the leading cryptocurrency. CME open interest has retreated to levels last seen in 2023, further pointing to diminished trading activity. Additionally, Strategy, a major bitcoin holder, has remained idle for a fifth consecutive week, adding to the subdued market sentiment.

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