Massive Withdrawals in Bitcoin Investments
Bitcoin spot ETFs
on the US stock exchange
saw massive withdrawals last week, with
outflows of over $1.2 billion.
This resulted in significant losses for Bitcoin during the past week alone.
According to reports, BlackRock's IBIT ETF
saw the largest outflow, followed by FBTC ETF.
Bitcoin's price reached a low of $98,879 during the decline
before rebounding in recent days.
Bitcoin is currently trading near $106,662,
recording a gain of over 4% in the past few hours.
Bitcoin is expected to continue its upward trend,
potentially reaching $109,400.
