Bitcoin
Why Bitcoin is down 1.0% in the last hour
Analysis
Bitcoin slipped about 1.0% over the past hour as risk sentiment weakened following reports of $133M in net outflows from Bitcoin ETFs, with Cointelegraph noting sentiment remains in “extreme fear.” Additional caution may have been reinforced by U.Today’s report that Bitcoin network activity has fallen sharply since 2021, which can weigh on near-term confidence. While The Block reported a hacker returned $21M in stolen BTC to South Korean authorities, that headline appears more idiosyncratic and less supportive for immediate price action than the broader flow/sentiment signals.
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 Warning? Network Activity Drops by Nearly Half Since 2021
Bitcoin's bearish divergence emerges as network activity drops by nearly half.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.