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Bitcoin Price Drops Amid Third Consecutive Day of $57.63M ETF Outflows

Guavy AI Editorial Team
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BTC
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Bitcoin's price came under pressure as spot ETF outflows reached $57.63 million for the third consecutive day, according to SoSoValue data.

The session marked a notable decline in investor sentiment, with Bitcoin trading around $62,800 to $63,000 during Friday trading.

The majority of daily withdrawals came from BlackRock's IBIT fund, which saw $55.51 million in net outflows, equivalent to approximately 883.34 BTC.

This drop in ETF inflows has also led to a decline in Bitcoin supply in profit, falling to 51.4%, its lowest level in over three years.

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