#bitcoin faces 3 big problems as the cryptocurrency struggles to rebound amid 30% slide from record highs.
First, outflows of bitcoin exchange-traded funds (ETFs) for November have reached $3.5 billion, their largest since February.
"That indicates that institutional investors have stopped allocating into bitcoin," 10X Research founder and CEO Markus Thielen said. "These ETFs have turned into sellers, and as long as they keep selling, I think the markets will struggle to stay up, or rebound," he said.
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