Bitcoin ETFs Experience Outflows, Pompliano Sees Potential Oversold Condition

US-based spot Bitcoin Exchange Traded Funds (ETFs) have seen a record-breaking five consecutive trading days of outflows, exceeding $1.17 billion in value according to Farside and CoinMarketCap. This marks the longest streak since April 2023 when Bitcoin experienced a similar surge before a subsequent decline. Despite this dip, crypto entrepreneur Anthony Pompliano suggests that Bitcoin may be undervalued at its current price of around $112,870.