According to data from CoinShares, after seven consecutive weeks of record-breaking inflows totaling $12.3 billion, cryptocurrency financial products experienced net outflows for the first time last week, reaching a net outflow total of nearly $1 billion. Notably, the outflow of funds from GBTC significantly increased last week, with the fund experiencing a total outflow of $1.83 billion within four days, pushing the net outflow of the Bitcoin spot ETF to $836 million. In this market environment, the price of Bitcoin briefly fell to $61,000.
