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Bitcoin price battle for $40K continues — Here’s what BTC bulls must do

Bitcoin (BTC) price has witnessed a 20% decline since the introduction of spot Bitcoin ETFs in the United States, falling to $38,000 on January 23rd but showing signs of recovery as it approaches $40,000. The downturn was largely attributed to substantial outflows from the Grayscale Bitcoin Trust (GBTC), indicating a shift of investors to lower-fee Bitcoin ETFs.

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