Institutional Investors Pulling Millions from Bitcoin ETFs Amid Stronger US Dollar

Institutional investors are pulling hundreds of millions of dollars from Bitcoin ETFs, while a stronger U.S. dollar adds pressure to risk assets.

The price of Bitcoin has dropped below $60,000, a level many traders consider an important psychological support area.

According to crypto analyst Ted Pillows, the strengthening U.S. Dollar Index (DXY) is putting pressure on the cryptocurrency market, with BTC falling below $59,000 while DXY rises.

Despite this, total Bitcoin ETF assets remain above $73 billion, indicating long-term institutional participation remains significant.