Bitcoin Faces Critical Support Test: Will it Dip Below $67K?

Bitcoin's price is facing a crucial test as it clings to a support zone where nearly 2 million addresses hold 964,000 BTC. A price drop to $67,000 is possible if this support breaks, fueling fears of a further decline. Market sentiment has turned bearish with over $56 million in long positions liquidated in the past 24 hours. However, Spot Bitcoin ETFs have seen continuous inflows of over $135 million, providing support to the price and indicating institutional interest. Despite a recent price increase, concerns remain over the potential for a dip if the support zone fails.