U.S. spot Bitcoin ETFs post $2.97 billion in outflows over 10 sessions, marking the longest streak on record.
Bitcoin traded near $73,130 as U.S. spot Bitcoin ETFs recorded $2.97 billion in outflows over the last 10 trading sessions, the longest streak on record. The outflows, coupled with rising oil prices and stalled U.S.-Iran ceasefire talks, have pressured market sentiment.
Prior to this streak, ETF outflows had been sporadic, with no comparable period exceeding five consecutive sessions. Bitcoin dominance stood at 57.3%, while the Fear & Greed Index hit 29, signaling fear among investors.
Ethereum also declined, trading at $1,987, down 2.01%, as broader crypto market capitalization reached $2.56 trillion.