Bitcoin Dips Below $59K Amid ETF Outflows and Declining Open Interest

Bitcoin (BTC) has recently descended to new local lows, slipping below $59,000 amidst continued market pressure. This latest downturn is exacerbated by persistent outflows from U.S. spot Bitcoin exchange-traded funds (ETFs). The recent Bitfinex report indicates that U.S. spot Bitcoin ETFs have experienced significant outflows, amounting to over $500 million last week alone. Discover the

Source: CoinOtag