Bitcoin’s price has experienced a significant downturn, dropping by nearly 8% in the last 24 hours to reach $84,108. The decline has wiped out year-to-date gains and pushed Bitcoin back to levels not seen since before January’s ETF boom. Market uncertainty is fueled by declining U.S.-listed Bitcoin ETF flows, with over $900 million in net outflows Thursday – a second worst day since their launch in early 2024. This drop in investment signifies a growing level of investor hesitancy amid volatile market conditions. 35% decrease in Bitcoin open interest since October is also raising concerns about liquidity. This decline makes it more difficult for investors to execute large trades without impacting the market price, as they are experiencing widespread liquidations.