Bitcoin drops below $61,000 as ETF outflows trigger risk-off sentiment
Bitcoin fell 3.2% to trade near $60,850 as U.S.-listed Bitcoin ETFs saw over $400 million in net outflows this week. Ethereum and Solana followed suit, slipping by 2.5% and 3.1% respectively. Analysts attributed the decline to risk aversion ahead of U.S. inflation data and rising Treasury yields. Despite the pullback, on-chain data shows long-term holders continuing to accumulate, signaling conviction among institutional investors.
negative
2 days ago
Bitcoin drops below $61,000 as ETF outflows trigger risk-off sentiment
Bitcoin fell 3.2% to trade near $60,850 as U.S.-listed Bitcoin ETFs saw over $400 million in net outflows this week. Ethereum and Solana followed suit, slipping by 2.5% and 3.1% respectively. Analysts attributed the decline to risk aversion ahead of U.S. inflation data and rising Treasury yields. Despite the pullback, on-chain data shows long-term holders continuing to accumulate, signaling conviction among institutional investors.
negative
Bitcoin drops below $61,000 as ETF outflows trigger risk-off sentiment
3 days ago
1 min read
63 words
Bitcoin falls below $61,000 amid ETF outflows and global risk-off sentiment, though long-term holders remain confident.
Bitcoin fell 3.2% to trade near $60,850 as U.S.-listed Bitcoin ETFs saw over $400 million in net outflows this week. Ethereum and Solana followed suit, slipping by 2.5% and 3.1% respectively. Analysts attributed the decline to risk aversion ahead of U.S. inflation data and rising Treasury yields. Despite the pullback, on-chain data shows long-term holders continuing to accumulate, signaling conviction among institutional investors.
Bitcoin fell 3.2% to trade near $60,850 as U.S.-listed Bitcoin ETFs saw over $400 million in net outflows this week. Ethereum and Solana followed suit, slipping by 2.5% and 3.1% respectively. Analysts attributed the decline to risk aversion ahead of U.S. inflation data and rising Treasury yields. Despite the pullback, on-chain data shows long-term holders continuing to accumulate, signaling conviction among institutional investors.