Bitcoin investors withdrew nearly $570 million from U.S.-listed spot Bitcoin ETFs on January 8, as the price of Bitcoin fell below $100,000, leading to a significant surge in liquidations totaling around $521 million in the crypto market. The largest outflow came from the Fidelity Wise Origin Bitcoin Fund, which accounted for 45% of the day’s net withdrawals. While Bitcoin briefly dipped to $92,500, lighter sentiment prevailed, with the Crypto Fear & Greed Index still showing a score of 69, indicating ‘Greed’ in the market. Despite this volatility, some analysts suggest it is premature to make decisive conclusions regarding Bitcoin’s price trends at the beginning of 2025, noting that recent fluctuations are part of a broader, choppy market landscape.

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