U.S. spot Bitcoin ETFs saw $648.6 million in net outflows, while spot Ethereum ETFs saw $86.4 million in net outflows.
Bitcoin fell to the $76,000 area, its lowest level since April, as ETF outflows and weak institutional demand pressured the market.
Retail Bitcoin demand on Binance dropped 73%, while futures selling topped $2 billion as traders reduced risk.
Strategy bought 24,869 BTC for about $2.01 billion, raising its total holdings to 843,738 BTC.
Bitmine bought 71,672 ETH during Ethereum’s pullback below $2,200, while Tom Lee said rising oil prices continued to weigh on ETH sentiment.
Bitcoin is trading around $77,100, while Ethereum is trading around $2,135.
The Fear and Greed Index stands at 40, indicating fear in market sentiment.
