BTC has largely remained range-bound between $60,000 and $70,000 since March, with the highly-anticipated halving event in April turning out to be a sell-the-news play amid a general lack of market catalysts. Inflows from exchange-traded funds (ETFs) have waned in the past few weeks, as reported, adding to a bearish sentiment.
![Bitcoin Below K Could Trigger ‘Panic’ Selling, Crypto Analyst Says Bitcoin Below K Could Trigger ‘Panic’ Selling, Crypto Analyst Says](https://www.coindesk.com/resizer/J1XHFkZxx8TQKwI57NnPElkoEHA=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PCNPLFTLWZAKZGJMGNPK2QL5HM.jpg)