Bitcoin has seen a significant price drop to yearly lows amid substantial outflows from the BlackRock iShares Bitcoin Trust ETF.
Record Outflows from Bitcoin ETFs
Bitcoin's price decreased to $82,455, 25% below its December 2024 high. According to ETF Store President Nate Geraci, this event triggered record outflows of $1 billion from Bitcoin ETFs in a single day.
Bitcoin Futures Gap Sparks Concerns
Analysts warn about a CME futures gap between $78,000 and $80,700, indicating potential further downside before recovery. An upside gap between $92,700 and $94,000 could indicate possible long-term recovery.
Experts Warn Against Panic Selling
CryptoQuant CEO Ki Young Ju considers panic selling a novice mistake, reminding that Bitcoin has historically corrected by 30% in bull markets and then recovered to new highs.
With macroeconomic uncertainties and trade tariff threats, Bitcoin traders remain cautious. Despite indicators suggesting further declines, the market's long-term trajectory remains uncertain.