Hey crypto enthusiasts! 🚀

- Bitcoin (BTC) briefly dipped below $62,000 after hitting a high of $64,448 on Oct. 7.

- Coinbase premium remains negative, indicating selling pressure from retail investors in the U.S.

- Despite selling pressure, Bitcoin ETFs saw a strong inflow of $235.2 million on Oct. 7.

- BTC faces pressure to stay above its key moving averages.

What do you think? Will BTC recover soon? Leave us your comments!