Crypto
Bitcoin Price Slumps as US Spot ETFs Record $202M Outflows
The US spot Bitcoin ETFs saw significant outflows on Friday, totaling $201.81 million, marking an end to nine consecutive inflow sessions.
This move put pressure on the price of Bitcoin, which sat at $77,703.93, down 2.1% over 24 hours.
Meanwhile, Ethereum ETFs attracted $102 million, extending their inflow streak to 10 days.
A notable transfer occurred when Metaplanet-linked wallets deposited 3,000 BTC worth $237 million into Coinbase Prime within 24 hours.
Analyst Ted noted that the Bitcoin price's recent sharp rejection from $81,500 has shifted attention toward the $74,000-$75,000 support zone, and expects a retest of this range following the decline.