Bitcoin ETFs Experience $671.9 Million in Unprecedented Outflows as BTC Price drops
In a shocking turn of events, Bitcoin exchange-traded funds (ETFs) reported their largest single-day outflow of $671.9 million on December 19. This outflow was a direct contributor to Bitcoinโs price dip, which fell below the $97,000 mark. The resulting sell-off led to over $1 billion in liquidations across the market, highlighting the growing volatility within the cryptocurrency space. Investors are left questioning the stability of Bitcoin as it navigates through these challenges.