Bitcoin Chases New Lows As ETF Outflows, Strategy’s Slump Spook Traders
Key takeaways: Cooling oil prices and a multi-month high for the US dollar are keeping intense pressure on non yield-bearing assets. Spot Bitcoin ETF outflows paired with Strategy’s slowest buying pace in 18 months signal short-term downside risks. Bitcoin (BTC) traded down to $59,060 on Wednesday despite the sharp retreat in oil prices. Inflationary pressures…