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Bitcoin Options Expiry on June 16: Bulls Need To Break $34K for a Chance To Revive BTC Price

June 15 (Cointime) - Bitcoin has seen a 14.8% correction in the past two months, with its price remaining below $26,300 since June 10. In contrast, the Nasdaq tech stock market index has gained 13.6% over the same period, indicating that investors are not turning to cash or short-term debt for safety.

Demand for US government bonds has also been declining for the past six weeks, with the yield on two-year US Treasurys increasing from 3.80% on May 4 to 4.68% on June 14. The outflow of funds from the crypto sector has continued for eight consecutive weeks, with Bitcoin experiencing cumulative outflows of $254 million over this period.

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