Bitcoin Sell-Off Originates From Within, Analyst Claims

Despite the historic crypto market crash in October that led to a 20% drop in Bitcoin’s price, exchange-traded fund (ETF) outflows remained relatively muted. Bloomberg ETF analyst Eric Balchunas revealed that these ETFs experienced less than $1 billion in outflows following the significant market downturn. On Thursday, they recorded about $240 million in inflows, marking a break from a six-day outflow streak. Over the past month, net outflows stood at around $722 million, according to Balchunas. ]