Bitcoin’s Bleeding: Outflows Hit $1.5B as Crypto Chaos Continues
This persistent haemorrhage has folks scratching their heads. Is the grand bull market over, or is this just a theatrical intermission? If so, it’s a pretty dramatic one, with Bitcoin ETFs spearheading the rebellion. They’ve dumped over $812 million on the very first day of the month-truly a welcome gesture. Since last Thursday, U.S.-listed Bitcoin ETFs have lost more than $1.5 billion-because apparently, trusting Wall Street is optional now. Major funds like Fidelity’s FBTC, Ark Invest’s ARKB, and BlackRock’s IBIT have led the exodus, losing over $175 million in just a Tuesday-but hey, who needs all that money, right? Just a fleeting fling into the abyss. 💸