Bitcoin Volatility Continues Amid $225M ETF Outflow
Bitcoin's price action over the past 24 hours has been characterized by significant volatility, oscillating around the $64,000 mark. This comes on the heels of a $225 million outflow from spot Bitcoin exchange-traded funds (ETFs) on July 24.
The Crypto Fear & Greed Index currently sits at 27, firmly in fear territory, reflecting a market still hesitant to fully embrace the recent bounce off deeper lows earlier this month. Despite this, the asset's price has remained within a relatively contained trading zone of $63,700-to-$65,400.
Ethereum (ETH), the second-largest cryptocurrency by market value, also declined over the same period, while total trading volume reached approximately $63 billion. This level is consistent with an actively traded but not euphoric session.