Bitcoin ETFs See Massive Outflows as BTC Price Slips Below $77K

Bitcoin exchange-traded funds (ETFs) in the U.S. experienced a significant downturn on April 27, recording $263 million in outflows. This marked the first net outflows since April 13, when Bitcoin ETFs collectively attracted $2.1 billion. The move came as BTC's price slipped below $77,000.

The broader cryptocurrency market is showing signs of weakening sentiment, with the Crypto Fear & Greed Index falling back into 'Fear' territory at a score of 45. This shift follows BTC's inability to sustain its rally above the $80,000 resistance level.