Bitcoin ETFs, Stablecoins: Signs of Capital Flight

Bitcoins recent price drop, from $84,000, is due to shifts in market dynamics. Spot ETFs, once a major demand source, are now seeing consistent withdrawals, with a record $3.55 billion outflow in November. Stablecoins also show a decrease in supply, indicating money leaving the system. Despite long-term optimism, investors should brace for potential further declines as market cycles unfold.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.