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ETF selling pressure grows, bitcoin may test $32,000 floor

Bitcoin could slide into the $30,000 range as institutional demand turns into net selling, an analysis showed. Data tracking institutional flows indicated selling from exchange-traded funds and corporate holdings rose to about 450 percent of daily new mining supply. Spot bitcoin ETF flows have turned clearly negative, with about $27 billion exiting over the past month. Strategy’s buying pace has slowed, and analysts warned support could break toward $32,000 or lower.