📉 Bitcoin hits a 6-month low – ETFs withdraw 870M USD, XRP declines despite new ETF release!
The crypto market continues to "cool down":
• BTC plummets to ~$94,500, the lowest level in 6 months as risk-off sentiment spreads.
• Bitcoin ETFs experience a net outflow of 870 million USD, ranking among the largest outflows in history.
• XRP unexpectedly drops 4.3% despite the recent launch of a spot ETF in the US – indicating that good news is not enough to overcome widespread selling pressure.
💡 The market is in a defensive state, with capital standing by and observing. This could be a phase of "de-leveraging" before the market finds a real bottom.
BTCUSDT
Perp
92,201.2
-1.87%
XRPUSDT
Perp
2.1639
-1.71%
