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.

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

Bitcoin fell to $76,700 amid the largest spot ETF outflows since January, thin spot volume, rising rate-hike bets, and unwinding leverage.