Bitcoin is trading sideways around $68,000, stuck in a $65K-$72K range since early February. Outflows of $105 million from U.S. spot Bitcoin ETFs are capping short-term rallies, while low volatility keeps the market in a holding pattern. Bulls highlight strong support near $50K and undervaluation versus gold, but bears warn of potential drops to $48K-$42K if key levels break. Recent $193 million in liquidations show risks are still high as traders wait for the next big move.
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