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Company pushes back after reports suggest a $9B Bitcoin sale by a wealthy client was tied to quantum computing fears.
Spot Bitcoin ETF AUM fell below $100 billion after $272 million in outflows, pushing year-to-date losses close to $1.3 billion.
Bitcoin's relative strength index has fallen below 30, signaling oversold conditions as the cryptocurrency trades near a key $73,000 to $75,000 support zone.
The flows are indicative of a growing split in how investors are positioning across major crypto assets during the latest bout of market volatility.
Leveraged anti-strategy ETFs are booming as shares in the bitcoin holder slide.
Flows and on-chain data signaled defensive positioning, as crypto investment products logged $1.7 billion in weekly outflows.
Tokenized silver futures logged one of the largest wipeouts across crypto markets, overtaking the usual leaders bitcoin and ether.
Fragile momentum and macro uncertainty are keeping Bitcoin and the broader crypto market at risk of further declines, analysts say.
Ark Invest CEO Cathie Wood recently indicated on X that gold's recent price rally could be a precursor to bitcoin's next bull run.
Authorities say they are reviewing reports of a Bitcoin ransom note tied to the case of Today show host Savannah Guthrie's missing mother.
Burry said crypto losses may have forced institutions to liquidate precious metals as bitcoin slid below $73,000.
Bitcoin failing to bounce soon could set the stage for "one hell of a year," one analyst said.
