The US Spot Bitcoin ETF experienced a $137 million outflow on November 5, marking the sixth consecutive day of withdrawals. This trend was significantly influenced by BlackRock's IBIT, which alone accounted for a $375.5 million outflow. Despite these outflows, Bitcoin's price has shown a slight rebound. Analysts caution that Bitcoin could potentially crash to $40,000, although some remain hopeful for a recovery if the cryptocurrency closes above critical price levels.
Bitcoin ETF Sees $137M Outflow Amid Price Crash Warnings
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