Bitcoin has fallen below the $60,000 threshold following a record thirteen-day streak of outflows from spot exchange-traded funds that resulted in over $4.3 billion in selling. For fintech developers and crypto analysts, this volatility underscores the massive influence that centralized investment vehicles now exert on the underlying liquidity of decentralized assets. The scale of these withdrawals, particularly from major funds like BlackRock’s iShares Bitcoin Trust, suggests that institutional sentiment remains a primary driver of price stability in the current digital asset ecosystem.
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Ali NematiWritten by Ali
