Binance Outflows and ETF Selling Weigh In On BTC

Crypto Insight Summary: TL;DR Bitcoin slipped 0.4% to around $77,900 as investors assessed the fallout from Binance’s $6.3 billion hack as binance outflows pressure BTC’s price. Binance reported $3.64 billion in net outflows during the first nine and a half hours after withdrawals resumed. U.S. spot Bitcoin ETFs recorded $643 million in outflows on Friday, adding to pressure […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Binance hack-related outflows and $643M ETF selling increase near-term selling pressure on Bitcoin.