📉 US Bitcoin ETFs are seeing a $1.3 billion outflow, correlating with a drop in Bitcoin's price. Grayscale, you're the biggest loser here with a $517.3 million outflow. But hey, BlackRock, you're doing something right with a $43.1 million inflow. 👏

😬 Bitcoin's price has slipped 11.6%, and some experts predict it may drop to around $57,000 due to Mt. Gox creditor repayments. But let's not forget, Bitcoin and Ether are still holding up pretty well, all things considered.

🔮 Market analysts are concerned about further downward pressure, pointing to Bitcoin sales by the German government and the nearly $9 billion in BTC from Mt. Gox creditor repayments expected in July. But hey, every cloud has a silver lining, right?

💪 Despite potential short-term declines, the long-term outlook remains positive. Some even argue that the impact of Mt. Gox creditor repayments may not be as severe as anticipated. So, keep your chins up, crypto enthusiasts!

🚀 eToro market analyst predicts Bitcoin's price to stabilize and potentially rally to new all-time highs in the coming months. "Within the next few weeks, it's possible we will be range-bound between $60-70K USD," he said.

What do you think? Will Bitcoin bounce back or continue its downward trend? Let's discuss in the comments! #DeFi #Web3 #CryptoNews