U.S. spot Bitcoin ETFs have recorded $467 million in net outflows over the past two days, reflecting a shift towards bearish sentiment in the cryptocurrency market. Fidelity's FBTC saw the largest withdrawals, totaling $75.56 million, while Invesco's BTCO managed to attract $10.02 million in inflows.
The price of Bitcoin has fallen below $115,000, driven by diminishing optimism regarding potential U.S. Federal Reserve rate cuts. This downturn has resulted in over $1.7 billion in liquidations. Analysts suggest that Bitcoin could decline further to $70,000, emphasizing the importance of maintaining levels above $110,000 to prevent additional corrections.
Bitcoin ETFs Face $467M Outflows as Market Sentiment Turns Bearish
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