A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit. Bitcoin's slide toward $60,000 has placed the market at a critical structural crossroads. This level serves as a primary cost basis for institutions and a key strike for derivatives hedging. A decisive break lower could trigger mechanical selling, potentially deepening the selloff. Bitcoin BTC $ 61,875.23 continues to lose ground and the price is fast closing on $60,000 amid record ETF o…
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