Bitcoin Price Tumbles on Record ETF Outflow Streak

Bitcoin's recent decline can be attributed to a significant outflow of institutional money from the cryptocurrency market. A record 13-day spot ETF outflow streak totaling $4.4 billion is draining the bid and causing Bitcoin's price to slide.

The flow of capital into AI stocks and IPOs has been a major factor in the decline, with many institutional investors choosing to redirect their funds towards these areas rather than maintaining exposure to cryptocurrency.