Professional bitcoin holdings fell 17% in Q1 as hedge funds sold, while banks and advisors continued buying, according to Coinshares.

U.S. spot Bitcoin (CRYPTO: BTC) ETFs shed $519 million on Tuesday while altcoin ETFs stayed green across the board as Bitcoin crashed to $66,000 overnight.

Long-term Bitcoin holders sold $2.4 billion in two days as BTC fell below $70K. ETF outflows and MicroStrategy's first sale in years add to bear market