ASIA MARKET OPEN: BITCOIN SLIDES AS ASIAN MARKETS TAKE CUES FROM TECH RECOVERY
Bitfinex reports that institutional investors are now absorbing around 13% more Bitcoin than the amount being newly issued, suggesting that supply pressure is easing. Analysts note strong buying interest in the $82,000–$85,000 range, which could help form a short-term price floor if current demand holds. Bitcoin dipped to roughly $85,200 on Friday as Asian equity…