Bitcoin Price Liquidity Dries Up as $1Bn ETF Outflows Shake Prices

From Europe, South America, and the US, it is clear that Bitcoin and crypto are being institutionalized. The Bitcoin price, as a result, is heavily influenced by the big boys, so much so that retailers now play a minimal role. This trend is expected to continue after the match was lit up in January 2024, when the US Securities and Exchange Commission (SEC), for the first time, approved spot Bitcoin ETFs. A few months later, spot Ethereum ETFs were given the green light but without staking. Since then, the ...