Bitcoin ETFs Suffer Record Outflows Amid Ongoing Bearish Sentiment

A significant outflow of investor capital from Bitcoin ETFs has been reported, with a net flow of -3,321 BTC equating to approximately $210.32 million in losses within a single day.

This downturn has raised alarms among investors regarding the overall health of the cryptocurrency market, according to @lookonchain's tweet emphasizing ongoing bearish sentiment as market participants react to recent price pressures.

Meanwhile, Ethereum ETFs displayed a more mixed picture, with a slight gain over the week, indicating that investors may be diversifying their strategies in response to prevailing market conditions.