Bitcoin
Why Bitcoin is down 1.7% today
Analysis
Bitcoin fell 1.7% over the past 24 hours as risk appetite weakened amid continued “extreme fear” sentiment and reported $133M net outflows from Bitcoin ETFs, which can reduce near-term demand (Cointelegraph). Trading conditions also appeared subdued, with low-volatility market action offering limited support for a rebound (CoinDesk).
Contributing Factors (3)
Hacker returns $21 million in stolen bitcoin to South Korean authorities: report
South Korean prosecutors have recovered about $21 million worth of bitcoin stolen from their custody last year.
Bitcoin ETFs see $133M outflows as sentiment stays in ‘extreme fear’
US-listed spot Bitcoin ETFs have shed $238 million this week, setting up the first five-week outflow streak since March 2025.
Bitcoin, ether rise as altcoins lag in low-volatility trade
Bitcoin and ether tick higher, but weak altcoin breadth, heavy liquidations and elevated options hedging suggest traders remain cautious.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.