Bitcoin ETF Outflows Continue: BTC Price Dips as Three-Day Streak Wipes Gains

Optimism surrounding Bitcoin exchange-traded funds (ETFs) is diminishing following a sustained period of investor withdrawals. Data reveals a three-day streak of consecutive outflows from spot Bitcoin ETFs, effectively erasing the gains accumulated earlier in the month. This trend has contributed to downward pressure on the price of Bitcoin (BTC), highlighting shifting market sentiment. Analysts are closely monitoring the flow data as a key indicator of institutional and retail investor behavior. The recent outflows contrast with the initial surge of interest following the historic approval of spot Bitcoin ETFs in the United States, prompting a reevaluation of short-term bullish forecasts. Market participants are now assessing the potential for prolonged outflows and their impact on broader cryptocurrency market liquidity and stability.