Bitcoin holds near $81,500 as $163M exits crypto ETFs in a day
- —Bitcoin ETFs lost $82.4 million, with BlackRock's IBIT shedding $71.8 million
- —Ether ETFs saw $69.7 million leave, the third straight day of outflows
- —Crypto ETF outflows reached about $951 million over the past week
- —Liquidations hit $306 million in 24 hours, with 63% of BTC traders still long
Why it matters: Sustained ETF outflows and hot US inflation are weighing on prices, and further losses could trigger another wave of long liquidations below $80,000.
Source: BTC-ECHO