BTC found support around $62,500, which means it didn't drop below that price. This might be a move by big investors (whales) to take money out of the whole market, not just Bitcoin, starting from around $68,000 to $69,000. We're seeing net outflows for Bitcoin spot exchange-traded funds (ETFs) for the third day in a row. Grayscale, one of the biggest funds, had a lot of money taken out ($386.6 million), while BlackRock and Fidelity didn't have enough money put in to balance it out. Overall, $261.5 million was taken out. Even though it's not great news, it's important to note that the people selling Bitcoin in this case are likely the ones who bought it before the ETFs were available. So, while it's worth keeping an eye on, it's not necessarily a reason to worry just yet. But it's still important to pay attention. 🍵

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