Core Viewpoint - Bitcoin has dropped to a two-month low, indicating a cooling sentiment in the cryptocurrency market as investors withdraw funds from Bitcoin ETFs [1][2] Group 1: Bitcoin Price Movement - Bitcoin fell by 3.9% to $81,102 in Singapore, marking the lowest level since November 21 [2] - The cryptocurrency has declined over 34% from its all-time high of October 6 last year [2] Group 2: Bitcoin ETF Trends - Twelve Bitcoin ETFs listed in the U.S. have experienced net redemptions for three consecutive months, with a total outflow of approximately $4.8 billion [2] - If this trend continues until the end of January, it will set a record for the longest period of sustained net outflows since the ETFs were launched in 2024 [2] Group 3: Market Sentiment and Comparisons - Bitcoin's poor performance contrasts sharply with the recent surge in gold and other precious metals, as investors prefer traditional safe-haven assets amid geopolitical risks [2] - The perception of Bitcoin as a "digital gold" is being questioned, as it no longer appears to be a viable alternative to fiat currencies or a hedge against financial policy risks of major economies [2]