‘Materially softer demand’: Bitcoin hits two-month low below $69,000 amid institutional outflow streak, fading onchain interest
The Block·
60-second summary
Bitcoin is hitting a two-month low below $69,000 as institutional investors continue to pull out, with $3.45 billion in ETF outflows over 11 days and $742 million in liquidations. Fading onchain interest and a "materially softer demand" signal a decline in investor confidence, potentially weighing on the market's overall sentiment and prices.
Bitcoin fell below $69,000 to a two-month low as ETF outflows hit $3.45 billion over 11 days, along with $742 million in liquidations.