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Bitcoin Slides Below $75,699 as $6 Billion Exits Bitcoin ETFs

Bloomberg reports that Bitcoin's latest drop is underscoring signs of fragility in the market, with retail participation muted and institutional buying losing steam. Deutsche Bank AG data points to investors reallocating toward AI-related themes, contributing to softer institutional demand. Analyst Marion Laboure said the market's marginal buyers are no longer retail investors, as roughly $6 billion has been withdrawn from Bitcoin ETFs. Bitcoin is now trading below Strategy's average cost of $75,699, with investors increasingly pricing in the risk of forced liquidations among leveraged holders.
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