Bitcoin was trading near $72,000 on Monday as a third consecutive week of heavy institutional outflows and deteriorating onchain demand left the market without a near-term cushion.
U.S. spot bitcoin (BTC) exchange-traded funds shed $1.42 billion in the week of May 25–29, the third-highest weekly outflow on record for that product segment, Timothy Misir, head of research at BRN, said in a note…