Bitcoin faces sell-off as $6.35B exits US funds
American Bitcoin funds recorded their largest outflows since their launch in January 2024, with $6.35 billion leaving over the past 30 days. The liquidity has continued to decline for the sixth consecutive week, resulting in a loss of $53.4 billion in assets. These flows reflect a decreased investor appetite for risk, although analyses suggest that this may be a form of redistribution within the market rather than a change in the long-term outlook for Bitcoin. Notably, the price of Bitcoin has fallen to $64,167, representing a 17.4% decline over the past month, amid pressures from rising inflation and geopolitical tensions.
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