Bitcoin ETF Streak Snaps as BTC Slides Below $78K
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Bitcoin's retreat below the $78,000 mark coincided with a sharp reversal in institutional demand. US spot ETFs recorded $201.8 million in net outflows on Friday, breaking a nine-session streak of positive flows, with ARK 21Shares leading the redemptions.
The pullback pushed total ETF assets back under the $100 billion threshold, a level that had symbolized renewed confidence in regulated Bitcoin exposure just days earlier. Traders are now watching whether this is a temporary reset or the start of deeper distribution.
With the $78K zone acting as a psychological pivot, follow-through selling in ETF flows this week could confirm bearish momentum, while a swift return to inflows would suggest dip-buyers are stepping back in.