Are Bitcoin funds buying?
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The North Korea-linked group behind the $6.3 billion Binance theft is turning stolen tokens into Bitcoin, while Gate froze linked accounts. That builds a pile of BTC held by thieves who may sell it later, and traders are pricing in that possible future selling.

Bitcoin dropped toward $74,000 late Sunday as leveraged bets were wiped out again, and it now trades near $73,900. Each wave of forced selling pushes price lower and shakes confidence, making buyers wait for a clearer floor.

US spot Bitcoin funds lost almost $1.3 billion last week, the most in four months, and Ethereum funds also stayed negative. With the biggest steady buyer pulling back, there is little demand to absorb selling from the hack fallout.
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