Huge BTC Sell Pressures at $60K, Warns Indian Exchange Founder

Huge BTC Sell Pressures at $60K, Warns Indian Exchange Founder
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Bitcoin surges to $59,334.26 with a 5% increase in the past 24H.
BTC ETF volumes hit record highs, reflecting growing institutional interest.
Bitcoin has once again captured the spotlight with its meteoric rise, trading at $59,334.26 with a staggering 4.94% surge. In just 24 hours, BTC broke major key resistance levels at $57,000, $58,000, and $59,000, and is now tantalizingly close to the $60,000 mark.
Notably over the past seven days, BTC has seen a 17% surge, causing a frenzy among investors.
Adding to the excitement, Bitcoin Exchange Traded Funds (ETFs) have witnessed a surge in trading volumes, setting new all-time highs in recent days. It surpassed the previous record of $6.15 billion by $1.49 billion. Speculation abounds regarding the contributing factors behind Bitcoin’s ascent, with many attributing it to a combination of FOMO (Fear of Missing Out) among investors and profit-taking activities.
Moreover, the staggering increase in BTC ETF volumes reflects a growi

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