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LATEST: Bitcoin has closed four consecutive months in the red for the first time since 2018 as global liquidity repricing hits crypto, equities, and precious metals together, according to BRN research.

Galaxy Digital research head Alex Thorn said Bitcoin’s recent weakness suggests it could drift lower over the coming weeks or months toward the 200-week moving average near $58,000. He noted that 46% of BTC supply is currently underwater, with a clear supply gap between