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December 20, 2024

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 Bitcoinโ€™s 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.

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