Bitcoin ETFs Suffer Record Outflow as Price Approaches Key Support Zone
U.S. spot Bitcoin ETFs recorded $201.81 million in outflows on Friday, ending nine consecutive inflow sessions.
The largest withdrawal was attributed to ARKB, which lost $114.89 million.
Bitcoin price sat at $77,703.93, down 2.1% over 24 hours.
Metaplanet deposited 3,000 BTC worth $237 million into Coinbase Prime within 24 hours.
BTC.com CEO Jiang Zhuoer said the decline could be Bitcoin's first major test since the uptrend began and may mark the start of a broader trend reversal.