"Bitcoin held near USD 113,000 on Tuesday after sliding as low as USD 111,600 earlier in the session, extending recent volatility. The decline came with heavy liquidations, totalling USD 368 million over 24 hours. At the same time, US spot Bitcoin ETFs saw USD 363 million in outflows on Monday, the largest in weeks, pointing to weakening investor appetite. On-chain data also painted a mixed picture."
"Recent exchange flows show coins are increasingly staying on trading venues, hinting at less conviction among investors, which could leave the market exposed to the downside. On the regulatory side, a group of US lawmakers urged the SEC to accelerate the implementation of President Trump's executive order that would allow 401(k) retirement savers to gain exposure to alternative assets, including Bitcoin. The move highlights the growing momentum to embed digital assets into mainstream retirement plans, offering longer-term support for adoption even as near-term sentiment remains fragile."
Bitcoin traded near USD 113,000 after slipping to USD 111,600, extending recent volatility. Heavy liquidations totaled USD 368 million over 24 hours, amplifying downward pressure. US spot Bitcoin ETFs experienced USD 363 million in outflows on Monday, the largest in weeks, indicating weakening investor appetite. On-chain metrics presented a mixed picture, with recent exchange flows showing coins increasingly remaining on trading venues and suggesting lower conviction and potential vulnerability to further declines. A group of US lawmakers urged the SEC to speed implementation of President Trump's executive order to allow 401(k) retirement savers exposure to alternative assets including Bitcoin. The regulatory push could support longer-term adoption despite fragile near-term sentiment.
Read at London Business News | Londonlovesbusiness.com
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