U.S. spot Bitcoin ETFs posted $648 million outflows Monday as long-term BTC holders continue to accumulate the cryptocurrency.

Bitcoin is trading below $77,000 due to geopolitical tensions, inflation fears, and higher U.S. Treasury yields, analysts said.

U.S. spot Bitcoin ETFs posted $648 million outflows Monday as long-term BTC holders continue to accumulate the cryptocurrency.

Crypto ETF markets remained under pressure on Wednesday as bitcoin funds extended their losing streak to four consecutive sessions.

US-listed spot Bitcoin ETFs recorded $277.5 million in outflows after a five-day $1.7 billion inflow streak as Bitcoin slipped below $80,000.