Bitcoin slide extends as record ETF outflows and 60% rate-hike probability signal structural cracks beneath the rally: analysts
Bitcoin fell to $76,700 amid the largest spot ETF outflows since January, thin spot volume, rising rate-hike bets, and unwinding leverage....
Key takeaways
- 1Bitcoin dropped to $76,700 with largest spot ETF outflows since January indicating investor retreat.
- 2Market pricing 60% probability of Federal Reserve rate hike, weighing on crypto valuations.
- 3Thin spot trading volume and leverage unwinding signal structural weakness beneath rally.
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Why it matters
Rate hikes increase borrowing costs and reduce risk appetite, directly impacting crypto valuations. Large ETF outflows suggest institutional caution, signaling potential further downside for Indian retail investors holding Bitcoin positions.
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