Bitcoin struggles under "extreme fear" sentiment as ETF outflows hit $410 million and macro uncertainty looms, overshadowing positive developments like BlackRock’s BUIDL expansion.
Bitcoin is on track for its fourth straight weekly decline, trading near $67,000 amidst a market dominated by "extreme fear." Spot Bitcoin ETFs registered $410.2 million in daily net outflows, while Spot Ether ETFs saw $113.1 million leave. Despite BlackRock announcing its tokenized BUIDL fund is now tradable on Uniswap, the UNI token erased its initial 25% rally, reflecting investor eagerness to exit positions. Meanwhile, JPMorgan cut its price target for Coinbase to $252 following an earnings miss, and markets are bracing for potential U.S. government shutdown risks.