Bitcoin ETF · Bitcoin · Iran · U.S. · Bitcoin Magazine
Bitcoin price opened Monday at roughly $77,500 before slipping further throughout the session
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Liquidations have been severe.
Key facts
- Combined with last week’s total net outflows of $1 billion, which snapped a six-week positive streak, cumulative outflows since May 16 now sit under $1 billion
- In the wake of the recent ascent to $82,000, this metric reached a positive $2.8 billion per month, providing a basis for recent constructive momentum
- Last Thursday, the bitcoin price was fighting near $82,000, since then it’s dropped over 5% to current levels
- On top of this, U.S. spot Bitcoin ETFs logged $648.6 million in net outflows on Monday alone, their largest single-day net negative since January 29
Summary
Bitcoin price has fallen below $77,000 amid heavy ETF outflows, large-scale liquidations, and weakening capital inflows. Bitcoin price opened Monday at roughly $77,500 before slipping further throughout the session. On top of this, U.S. spot Bitcoin ETFs logged $648.6 million in net outflows on Monday alone, their largest single-day net negative since January 29. Combined with last week’s total net outflows of $1 billion, which snapped a six-week positive streak, cumulative outflows since May 16 now sit under $1 billion. Last Thursday, the bitcoin price was fighting near $82,000, since then it’s dropped over 5% to current levels.