The news states that U.S.-based spot Bitcoin ETFs have experienced significant net outflows, with $365 million leaving Bitcoin ETFs and $13 million leaving Ethereum ETFs. This has led to Bitcoin struggling to maintain key support levels and currently hovering around $98,000. The outflows suggest investor caution, particularly among institutional players, raising concerns about the momentum of Bitcoin's recent rally. Grayscale, Fidelity, and BlackRock were the largest contributors to the outflows. However, despite the bearish sentiment, Bitcoin's long-term fundamentals remain strong, with the upcoming halving event expected to act as a catalyst for price appreciation. In the short term, Bitcoin needs to maintain support above $94,000 to avoid further decline.



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