Bitcoin Drops Below $82,000 as US Spot ETFs Shed $635 Million
Photo: TheCoinrise
Investors pulled money from US Bitcoin funds well before the asset reached levels that typically trigger heavier selling. Bitcoin slipped under $82,000 this week, extending a decline that has rattled holders of US spot Bitcoin exchange-traded funds. Data cited in reporting shows these funds recorded about $635 million in net outflows as the price move unfolded. The scale of the withdrawal has drawn attention because it occurred before Bitcoin reached price thresholds that investors have previously treated as signals for maximum selling.
Source: TheCoinrise
