Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts. Bitcoin fell below $62,000 in Asia trading, sparking more than $1.5 billion in leveraged crypto liquidations over 24 hours, including over $800 million in bitcoin and $386 million in ether positions. The selloff came amid persistent institutional weakness, with U.S. spot bitcoin ETFs seeing about $1 billion in net outflows this week, ext…
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