Against the backdrop of the Bitcoin price falling below the $54,000 mark in the first week of September, there was a significant outflow of funds from exchange-traded funds (ETFs) tied to this asset. The total net outflow of funds from 11 US-based ETFs in eight days amounted to $1.2 billion.

Technically

the price has overcome local support in the area of $55,000-$56,000 levels. A significantly more severe zone, preventing a decrease in quotes, is located in the range of $49,000-$53,500. This range is interesting from the standpoint of considering buying positions, taking into account, among other things, the interest of large participants. However, one should also remember about the risks.