Bitcoin ETFs Record $202M Outflow as BTC Approaches Major Support Zone

Key Insights:

• Bitcoin ETFs shed $202 million, putting pressure on the price.
• Metaplanet deposited 3,000 BTC worth $237 million into Coinbase Prime within 24 hours.
• Bitcoin price was rejected at $81,500, while analyst Ted identifies a major support zone.

According to SoSoValue, U.S. spot Bitcoin ETFs recorded $201.81 million in Friday outflows, ending nine consecutive inflow sessions. The price of Bitcoin sat at $77,703.93, down 2.1% over 24 hours.

Meanwhile, Ethereum ETFs attracted $102 million, extending their inflow streak to 10 days. The session also included Metaplanet-linked transfers to Coinbase Prime and heavy long liquidations.

Bitcoin ETFs Recorded Outflows on Friday

Friday marked the week’s final trading session for the funds. SoSoValue attributed the largest withdrawal to ARKB, which lost $114.89 million. BITB posted $49.69 million, while IBIT recorded $33.40 million.

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