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Glassnode Reports Prolonged Outflows in BTC and ETH ETFs, Signals Bearish Institutional Sentiment

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Market sentiment turned bearish as Glassnode reported ongoing outflows from BTC and ETH ETFs, pointing to reduced institutional activity. The trend aligns with seasonal factors like year-end risk aversion and portfolio rebalancing. While short-term pressure builds, long-term support and resistance levels remain key for major holders. Analysts see no major shift in fundamentals, keeping the long-term outlook intact.
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