Bitcoin Price Slides Below $105K Amid $186M ETF Outflows

Bitcoin's price has fallen below $103,700, reaching its lowest level since June, amid a turbulent period in the cryptocurrency market. This decline coincides with substantial liquidation activity, where over $1.27 billion in leveraged positions were affected. The market is also contending with significant outflows from exchange-traded funds (ETFs), totaling $186 million. Compounding these challenges, the market maker Balancer recently suffered a $128 million hack, further unsettling investor confidence. These combined factors have contributed to the downward pressure on Bitcoin's value. The current environment reflects heightened volatility and risk within the crypto sector. Market participants are closely monitoring these developments as they navigate the ongoing fluctuations.