Bitcoin Drops Below $66,000 Amid Mounting ETF Outflows, $4B Withdrawn In 12 Days
Bitcoin is under renewed pressure as ETF outflows, weak price action, and a small Bitcoin sale by Strategy erode sentiment. BTC slipped below $66,000, contributing to about $160 billion in market value wiped out this week. Strategy sold roughly $2.5 million in Bitcoin, a tiny amount relative to its huge holdings, but the move challenged the company’s long-standing “never sell” narrative and spooked investors. At the same time, capital appears to be rotating toward AI stocks, while US equities and tech names keep hitting highs. Over the past year, the Nasdaq 100 is up sharply, while Bitcoin has fallen significantly and remains well below its peak. Adding to the weakness, US-listed Bitcoin ETFs have seen nearly $4 billion in outflows over 12 straight sessions, a record streak. Market participants say crypto lacks a clear near-term catalyst, leaving Bitcoin more exposed to liquidity and macro conditions.
