Bitcoin ETFs experienced their third-largest outflow since their inception, with over $400 million withdrawn. Historically, such significant outflows have coincided with local price bottoms, as seen on May 1 and November 4. Following these outflows, Bitcoin prices had previously rebounded. Currently, Bitcoin's price has seen a 6% correction from its recent all-time high of over $93,000 on November 13, which followed a notable surge of more than 25% after Donald Trump's election. Despite the outflow, some exchange-traded funds (ETFs), such as BlackRock's, reported inflows while others, including Fidelity and Bitwise, faced significant withdrawals. The recent outflow signals market sentiment that investors are taking profits after a substantial uptick in Bitcoin value. As Bitcoin's price fluctuates between approximately $86,600 and $92,000, the market awaits to see if this pattern of ETF outflows will herald another price bottom for Bitcoin.

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