The main driver behind bitcoin's weakness was ETF selling after red-hot April U.S. inflation data, 10x's Markus Thielen argued. The bounce may hinge on Wednesday's CPI data, he said. Bitcoin’s selloff below $60,000 was driven by institutional selling through spot bitcoin ETFs after reaccelerating inflation data, 10x Research's Markus Thielen argued. Since the April U.S. CPI report on May 12, U.S.-listed bitcoin ETFs saw $5.4 billion in net redemptions. Bitcoin's rebound…
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