Bitcoin spot ETF balances face record drawdown of 100.3K BTC: Glassnode

Bitcoin spot ETF balances have experienced their largest recorded drawdown since the October all-time high, with a decline of approximately 100,300 BTC, according to Glassnode. This trend aligns with the typical post-all-time high behavior in bitcoin markets, where profit-taking and rebalancing often lead to significant fluctuations in ETF reserves. As spot Bitcoin ETFs are crucial for institutional adoption, such large movements in balances can significantly impact their role in the market.

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