📉 BTC falls below $60k as institutions stop buying stablecoins!
🔹 BTC is down 3.9% in the last 24 hours, currently at $58,930.
🔹 Reason: Institutions stop accepting $USDT from#TetherTreasuryand transferring it to exchanges.
🔹 Lack of stablecoin inflow could signal a decrease in buying pressure.
🔹 Tether issued $1.3B USDT from August 5-9, helping BTC recover 21% from the $49,500 low to $60,000.
🔹 BTC needs to surpass $60,600 to continue rising, according to Rekt Capital analysis.
🔹 US Bitcoin ETF still has negative inflow, affecting BTC price.
💬 How do you think BTC will recover? Comment! 🚀#Bitcoin#Crypto#Blockchain#Finance#Tech#MarketTrends