Bitcoin ETFs in the US experienced their second and third-largest outflow weeks, totaling $2.8 billion, leading to an average cost basis of about $87,830 per Bitcoin for US Bitcoin ETF products holding approximately 1.28 million BTC. Meanwhile, Bitcoin dropped 11% to a nine-month low near $74,600. Institutional investors remain strong despite the market downturn, with ETF cumulative inflow down only 12% compared to a 38% drop in Bitcoin price. Concerns of a bear market loom as Bitcoin struggles to recover amidst macroeconomic uncertainty and geopolitical conflicts. Analysts warn of potential long-term sell pressure if demand does not pick up soon.

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Bitcoin price reaches new all-time high of $65,000, fueled by increased institutional investment and growing adoption. Experts predict continued upward momentum as demand surges. Market cap surpasses $1 trillion, solidifying Bitcoin’s position as a mainstream asset. Investors eye potential for further gains in the coming months.: Bitcoin ETF Investors Underwater After $2.8B Outflow Wave