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Grayscale sets conditions for bitcoin bottom, says new buyers needed beyond Strategy

Bitcoin needs new sources of buying beyond Strategy to form a sustainable bottom, an analysis said. CoinPost reported that Grayscale Research said spreading holdings beyond Strategy could be positive long term, but additional demand is needed to stop the downturn. The report noted market sensitivity to Strategy moves despite a small recent sale. Bitcoin fell below 10 million won and U.S. spot ETFs saw extended outflows before a small inflow on June 4.