Bitcoin Drops Below $95K Amidst ETF Outflows and Market Uncertainty

Bitcoin experienced a significant drop below $95,000 today, marking its first descent to this level since May. This decline follows a substantial outpouring of investment from US-based Bitcoin Exchange Traded Funds (ETFs), recording the largest withdrawals since February 25, 2025. The outflow totaled $866 million and is a cause for concern as it marks an increase in bearish sentiment within the market.