Bitcoin ETFs Bleed $8.9B as BlackRock’s IBIT Sheds 42,000 BTC

TLDR: Bitcoin ETFs recorded a $8.9B drawdown from ATH, the largest since their January 2024 launch. BlackRock’s IBIT lost over 42,000 BTC from peak, signaling intense institutional sell pressure. Loss-driven BTC exchange inflows fell from 90K to 19K in days, hinting at capitulation end. BTC trades at $68,116, up 5% weekly, with the $60K-$67K zone [...]

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