Bitcoin
Why Bitcoin is down 1.0% in the last hour
Analysis
Bitcoin slipped about 1% over the last hour as sentiment was pressured by reports of renewed outflows from U.S. spot Bitcoin ETFs, with funds shedding $264M last week, signaling softer near-term demand.
Contributing Factors (3)
Bernstein calls Bitcoin sell-off 'weakest bear case' on record, keeps $150K 2026 target
The research analysts pointed to tight liquidity and macro pressure as drivers of the decline, while noting that spot Bitcoin ETFs have seen relatively modest outflows.
Bitcoin Funds Shed $264M Last Week, Alts Reverse Negative Trend
CoinShares noted that the market may have reached an ‘inflection point’ as outflows from Bitcoin investment products slowed.
Bitcoin shakes off early decline, returns to $70,000 as Bernstein reiterates $150,000 outlook
"What we are experiencing is the weakest bitcoin bear case in its history," wrote Bernstein's Gautam Chhugani.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.