Bitcoin slips toward $97K as spot ETFs see $867M outflow
Bitcoin slipped toward the $97,000 mark as heavy redemptions from spot BTC ETFs deepened market pressure. BTC was trading at $97,527 at press time, down roughly 5.5% over the past 24 hours, after ETFs posted the second-largest daily outflow on record — roughly $867 million — according to flow data.
The size of the withdrawals underscores weaker investor demand for ETF exposure and raises near-term downside risk; large ETF redemptions can force sales into the cash market and amplify volatility. Traders and holders will be watching ETF flow data and liquidity closely for signs of stabilization, while risk-sensitive participants may pare exposure until inflows return or sentiment improves.