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Bitcoin price drops, US ETF records $263 million outflow
CoinWorld news: Bitcoin prices have been under pressure over the past 24 hours, with U.S.-listed Bitcoin ETFs recording $2.63 million in net outflows. Fidelity’s FBTC led the withdrawals, totaling $150 million, followed by Grayscale’s GBTC and Ark 21Shares’ ARKB. Market sentiment has also weakened, with the Crypto Fear and Greed Index falling back into the fear zone again after briefly reaching neutral. Despite the short-term pullback, institutional demand in April remains strong. In the past 24 hours, Bitcoin fell below $77,000; the price action shows BTC trading above $77,000, then briefly breaking through $78,000, but it met with selling pressure and the price retreated to the mid-$76,000 range. Although buyers attempted multiple rebounds, each rebound was capped, resulting in Bitcoin trading within a volatile range.