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Crypto

Bitcoin Price Under Pressure as Spot ETFs See Largest Weekly Outflows Since June

Guavy AI Editorial Team
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BTC
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Bitcoin's price has been under pressure recently, struggling to move above $65,000. This comes as spot Bitcoin ETFs recorded their largest weekly outflows since June, with a combined net outflow of $389.7 million during the week of August 10. Fidelity's FBTC led redemptions at $153.2 million.

The only funds to record inflows were Grayscale Mini BTC, which attracted $76.0 million, and MSBT, with $7.1 million. Tudor Investment increased its stake in BlackRock Bitcoin ETF (IBIT) by 18.9% to 688,529 shares during Q2 2026.

Bitcoin's price has closed below the Weekly 200MA support, but analyst Daan Crypto Trades notes that a marginal close below this level does not necessarily signal a breakdown.

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