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Bitcoin demand slows, selling pressure grows, raising risk of drop to $72,000

Bitcoin faces rising downside risks as demand weakens and selling pressure builds, with technical indicators turning lower and key support levels under scrutiny. Analysts and traders cited a break below key moving averages, a drop in RSI and a retreat from around $82,000. Binance inflows have increased, a pattern seen as a potential sell signal. Apparent demand has fallen to about minus 147,000 BTC, and ETF outflows are also weighing.