Key facts: U.S. Bitcoin ETFs face $3.8B outflows; $760M BTC transfer raises concerns
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U.S. spot Bitcoin ETFs have seen five weeks of net outflows totaling about $3.8 billion, with $316 million withdrawn last week. Total inflows since January 2024 are around $54 billion.12Bitcoin faces downward pressure after a $760 million transfer of nearly 11,000 BTC to Binance by trader Garett Jin, raising concerns about liquidation and increased supply.3The Bitcoin halving is expected in 2024, with forecasts indicating a potential price rally by mid-2026, possibly differing from past trends of price drops.4
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