Bitcoin Price Rises Amid Record ETF Outflows
- Bitcoin price increased to $87,361, a 3.4% rise in one day.
- Bitcoin is approaching the $90,000 psychological level.
- Over $4.8 billion has exited Bitcoin spot ETFs since their peak inflow.
- This outflow marks the largest drawdown in Bitcoin spot ETFs since launch.
- ETF volumes account for about 1.5% of total trading volume, including spot and futures markets.
Despite a significant $4.8 billion outflow from Bitcoin spot ETFs, Bitcoin’s price remains stable at $87,361, indicating resilience amid institutional shifts.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-spot-etfs-see-massive-drawdown-but-heres-why-a-bull-run-might-be-brewing/?rand=52377