Bitcoin Slides to $96K After $870M ETF Outflow
Bitcoin dropped to roughly $96,000 on Thursday after ETF products saw $870 million leave in a single day, the second-largest outflow in history. The sizeable withdrawal amplified selling pressure and pushed intraday volatility higher as market participants reassessed near-term liquidity and risk appetite.
The episode highlights how ETF flows have become a key driver of price discovery for BTC; large institutional movements can trigger rapid directional shifts in the spot market. Traders and investors will be watching daily flow data and broader macro cues for signs of stabilization, while cautious sentiment could persist until inflows or clearer demand signals return.