Bitcoin slides below $70K amid thin liquidity, ETF outflows

Bitcoin fell below $70,000 as crypto sentiment hit its lowest level in more than four months, with analysts warning of institutional outflows, thinning liquidity and elevated leverage.

Bitcoin fell below $70,000 on Friday, extending its recent decline as investor sentiment deteriorated amid institutional outflows, tightening liquidity and broader macroeconomic pressures. 

Bitcoin (BTC) is trading at $68,607.23 at the time of writing, down 9.2% in the last week, according to CoinGecko.

The decline coincided with a sharp decline in market sentiment. The Crypto Fear & Greed Index fell to 20 on Friday, its lowest reading in more than four months, putting it in “extreme fear.” The index last reached that level on July 8.

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