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Bitcoin dips below $80k amid ETF outflows and profit-taking, signaling a possible deeper correction.

Market News
08 May 2026
AMBCrypto
Bearish
pluang ai news

Bitcoin experienced a 1.7% correction, falling below the $80k level, accompanied by $286 million in ETF outflows and rising unrealized profits near 20%. This suggests the current market pullback may be more than a short-term reset. Michael Saylor's recent tweet hinting at a balanced approach to buying and selling Bitcoin may have intensified selling pressure, raising concerns about the end of aggressive accumulation strategies. The $17 billion in long positions clustered around $67k face increased risk if selling momentum continues, potentially signaling a more significant market shift.

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