Bitcoin price may drop below $64K as veteran raises ‘campaign selling’ alarm

Bitcoin risks a deeper slide as miners and US spot ETFs cut BTC exposure, adding supply pressure during a fragile downtrend.

Bitcoin (BTC) price dropped by more than 22.5% in the past week to $69,000 on Thursday, wiping out 15 months of gains entirely. However, the downtrend may not be over, according to veteran trader Peter Brandt.

Key takeaways:

Brandt says “campaign selling” is pressuring BTC, with miners and ETFs also cutting exposure.

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