Bitcoin Slides 14% as ETF Outflows and Strategy Sale Hit Sentiment

Bitcoin traded near $62,400 after sliding more than 13% this week as ETF outflows, Strategy's sale, and macro pressure weighed on sentiment. Glassnode said U.S. spot Bitcoin ETFs saw three consecutive weeks of outflows totaling $4.21 billion. SoSoValue data showed another $396.60 million in net daily outflows from June 3. CryptoQuant said short-term holders transferred 53,800 BTC to exchanges at a loss over one 24-hour window.
BTC-1.28%
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