Bitcoin's volatility has been making headlines lately. The recent selloff was triggered by a net outflow from BTC ETFs, marking the end of an 8-week inflow streak.¹ However, it's worth noting that corporate buying has remained strong, with companies like MicroStrategy making significant purchases.² Additionally, holders have been buying back the dip, which could be a sign of market confidence.
The net outflow from BTC ETFs was around $135 million, with some ETFs experiencing significant outflows.³ However, it's essential to keep things in perspective, as November was a record month for inflows into US Bitcoin ETFs, with a total of $6.68 billion.