Bitcoin ETFs have faced significant outflows for six consecutive days, exceeding $2.05 billion, primarily driven by BlackRock's iShares Bitcoin Trust. Despite this trend, Bitcoin's price has shown resilience, recently bouncing back above $103,000.
Similarly, Ethereum has maintained its position above $3,300, even amidst ongoing outflows from its ETFs, totaling over $938 million. Notably, large holders have contributed to the stability of ETH by purchasing substantial amounts.
The broader cryptocurrency market has experienced a slight rebound, with major cryptocurrencies posting gains, yet the persistent ETF outflows continue to weigh on overall market sentiment. As trading remains muted, the future trajectory of these assets may depend on forthcoming catalysts.
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