Down 3% in the last 24 hours, Bitcoin was recently changing hands at $72,739, hanging just 3.9% above the $70,000 mark. Overnight, the price of the leading cryptocurrency by market cap hit a six-week low of $72,669, per data from CoinGecko.
“Partly this is due to ETF outflows, with serious amounts getting out,” an analyst from Arctic Digital told Decrypt on Bitcoin’s fall earlier Thursday.
However, while predictors are becoming increasingly bearish on the near-term price, odds have not ballooned for a more precipitous fall for BTC in the next few days.
Bitcoin Slips Under $73K as Crypto Liquidations Near $1B
For example, the odds of Bitcoin dropping below $65,000 before the end of May stand at just 3% on Myriad.
As it stands now, Bitcoin is more than 42% off its all-time high of $126,080.
