Bitcoin prices dipped to $77,900 as investors pulled $3.64 billion from Binance and $643 million from spot ETFs, signaling a period of heightened intraday selling pressure.
Bitcoin experienced a 0.4% price decline, settling near $77,900, as market sentiment was pressured by significant liquidity outflows. The asset faced selling pressure from both a massive $3.64 billion net withdrawal event on the Binance exchange and a concurrent $643 million outflow from Bitcoin-linked ETFs.
Bitcoin fell by 0.4% to approximately $77,900.
Bitcoin ETFs recorded $643 million in net outflows.
Bitcoin price retreated 0.4% to $77,900 as market participants reacted to significant liquidity shifts. Binance users withdrew a net $3.64 billion following the reopening of services, while spot Bitcoin ETFs recorded $643 million in outflows.
Bitcoin's price fell 0.4% due to a combination of $3.64 billion in net withdrawals from Binance and $643 million in outflows from spot Bitcoin ETFs.