Bitcoin-based exchange-traded funds (ETFs) experienced significant outflows, totaling $134 million on March 6.
This marks the fourth consecutive day of withdrawals, signaling a retreat from digital asset funds.
In addition to Bitcoin, Ethereum ETFs also saw a decline, with a net outflow of $35.89 million.
This pattern of investor pullback is raising concerns about market volatility and economic uncertainties, including Bitcoin price fluctuations and regulatory changes.
While recent outflows indicate caution among institutional investors, experts believe that this could be part of a broader market correction rather than a permanent shift.
Many analysts remain optimistic about the long-term potential of crypto ETFs, awaiting to see if the trend reverses in the near future.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?
Bitcoin has officially reached the $116,000 milestone, a level previously forecasted by crypto services firm Matrixport using its proprietary seasonal modeling.