BlackRock’s iShares Bitcoin Trust recorded $78 million in net withdrawals on Tuesday, marking its eighth consecutive session of outflows and bringing the total for the streak to about $1.73 billion. Morgan Stanley’s Bitcoin Trust attracted $20 million, although the inflows were insufficient to offset broader losses. Daily net outflows from Bitcoin ETFs slowed from $430 million on Thursday and $412 million on Friday to $201 million on Monday and $95 million on Tuesday. Apparent Bitcoin demand contracted by 284,000 BTC over 30 days, while Bitcoin traded around $73,998, down 1% over 24 hours and 5.2% over seven days. CryptoQuant described market conditions as extremely bearish and identified $73,200 as a key support level, while warning that a deeper correction remains possible.
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