Bitcoin ETF funds are fleeing! Market turmoil may cause BTC to drop to $94,000

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Recently, Bitcoin ETFs have experienced significant capital outflows, raising concerns about BTC's future performance. As Bitcoin's price fell to $94,000, market uncertainty intensified, and institutional investor interest significantly declined, especially in light of the recent increased market volatility.

Bitcoin ETF outflows reach $287 million, institutional interest plummets

According to data provided by Farside Investors, as of December 27, Bitcoin ETFs saw capital outflows of $287 million this week. Fidelity's FBTC saw outflows of $208 million, Ark Invest's ARKB saw outflows of $113 million, while Bitwise's BITB and Invesco's BTCO also experienced outflows of $36 million and $14.2 million, respectively. Despite BlackRock's IBITETF recording inflows of $79.4 million, overall, institutional interest in Bitcoin has declined, and market confidence in BTC's future has been shaken.

BTC price drops to $94,000, volatility increases

Currently, the price of Bitcoin has decreased by about 0.5%, stabilizing at $94,214. Over the past 24 hours, BTC's price has fluctuated between $93,310 and $97,294. The weekly chart shows that Bitcoin has dropped by 5%, consistent with the outflow of ETF funds. Meanwhile, BTC whales are accumulating at lower levels, which may provide support for future price rebounds.

Market expectations: BTC still has room for growth in the future

Although market turmoil has intensified in the short term, confidence in Bitcoin's long-term prospects remains strong. Notable financial figure Robert Kiyosaki expects BTC to rise to $350,000 by 2025. Despite the current outflows and market volatility putting pressure on Bitcoin, its future potential is still widely regarded positively.

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