Bitcoin Faces Pressure as ETFs Log Longest Outflow Streak Since April

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Bitcoin is under pressure again. CoinMarketCap data shows BTC dipped below $110,000, touching a 24-hour low of $108,762. It trades at $110,300, down 2.16% in the past day. Liquidations tell the story. Coinglass reports $904 million wiped out across the market in 24 hours—$818 million from longs. The single largest hit came on HTX’s BTC/USDT pair, worth $39.24 million. Analyst Ali Martinez says the selling isn’t random. He notes 20,000 BTC—$2.4 billion—hit exchanges in two weeks. Another 50,000 BTC—$6 billion—was dumped by whales. 20,000 Bitcoin $BTC, worth $2.4 billion, moved to crypto exchanges in the last two weeks! pic.twitter.com/YT8O1jIwZs —

The post Bitcoin Faces Pressure as ETFs Log Longest Outflow Streak Since April appeared first on The Merkle News.

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