Bitcoin slips near $77,900 as Binance and ETF outflows mount
Bitcoin dropped 0.4% to around $77,900 since midnight UTC. Binance customers pulled a net $3.64 billion after withdrawals reopened, and ETFs lost $643 million, which points to heavy selling pressure.
Why it matters
- Binance customers pulled a net $3.64 billion after withdrawals reopened, a large outflow traders will notice.
- ETFs lost $643 million, showing that institutional demand weakened alongside exchange outflows.
- Bitcoin's 0.4% decline since midnight UTC shows the price is reacting to these flows.
What to watch next
Watch whether Bitcoin holds near $77,900 and whether Binance and ETF outflows continue in the coming sessions.
