Bitcoin Pullback, ETF Outflows Signal Market Jitters Pre-CPI

Crypto Market in Panic as Bitcoin Drops to $65,000, Wiping $565 Million

Bitcoin (BTC) has retreated to the $68,000 range after hovering around $70,000 for several days. BTC is currently trading at $69,100, marking a recent decline.

This downturn aligns with two consecutive days of negative outflows for US-traded spot Bitcoin exchange-traded funds (ETFs).

Spot Bitcoin ETFs See $242.4 Million Outflow in Two Days

Farside data reveals that the US spot Bitcoin ETFs experienced outflows totaling $223.8 million on April 8, 2024, followed by $18.6 million on April 9, 2024.

Grayscale Bitcoin Trust (GBTC) remains the primary driver of these outflows, with a total of $458.2 million over the two days.

Read more: How To Trade a Bitcoin ETF: A Steph)]:!p4–ns [&_p:not(.dh)]:!mb-0″>

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