Bitcoin
Why Bitcoin is down 7.8% today
Analysis
Bitcoin fell 7.8% over the past 24 hours as investors pulled capital from spot Bitcoin ETFs, with Cointelegraph reporting $434M in net outflows while BTC briefly dipped toward $60K. Traders also appeared cautious around derivatives positioning, as CryptoPotato highlighted the potential for added volatility tied to roughly $2B in Bitcoin options expiring.
Contributing Factors (3)
Bitcoin ETFs shed $434M as BTC briefly touches $60K, assets near $80B
Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.
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Explanation Confidence
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